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Annual Economic Outlook

2018 Annual Economic Outlook

A cautious tale for an optimistic outlook

"Be sure to take your umbrella" is a prudent warning even on a bright morning. Today, the economic sunshine permeates our vision and expectations. But while our current economic view for the next two years is generally optimistic, in this annual report we focus on the signals of possible rain showers ahead.

Issues of credit, both domestic and foreign, provide some concerns that could eventually lead to trouble down the road. There are also some questions about inconsistencies around monetary and fiscal policy and, over time, the global financial system’s overall capability to finance those policies.

Speakers

Mark Vitner, Managing Director, Senior Economist

Mark Vitner Mark Vitner is a managing director and senior economist at Wells Fargo Securities, responsible for tracking U.S. and regional economic trends. Based in Charlotte, North Carolina, he also writes for the company’s Monthly Economic Outlook report and the Weekly Economic & Financial Commentary, and he provides regular updates on the housing markets, commercial real estate, regional economies, consumer spending, and issues impacting small business.

Mark joined a Wells Fargo predecessor institution in 1993. Before that, he spent nine years as an economist for Barnett Banks in Jacksonville, Florida. Mark’s commentary has been featured in the New York Times, The Wall Street Journal, Bloomberg, and many other publications.

Originally from Atlanta, Mark earned a B.B.A. in economics from the University of Georgia and an M.B.A. from the University of North Florida. He has completed further graduate work in economics at the University of Florida. He also completed the National Association for Business Economics (NABE) Advanced Training in Economics program at Carnegie Mellon University.

Mark is a member of NABE and is also a member of that group’s inaugural Certified Business Economist class. Mark is a past president and co-founder of the NABE Charlotte chapter, The Charlotte Economics Club. He serves as a distinguished lecturer and practitioner at the University of Georgia. He is a member of the American Economic Association, the American Real Estate and Urban Economics Association, and the Western Economic Association. He also chaired the Economic Advisory Council for the California Chamber of Commerce for three years. He currently serves as the chief economist for the North Carolina chapter of the CCIM Institute, which confers the Certified Commercial Investment Member designation. He is a member of the Blue Chip economic forecasting panel and the Western Blue Chip forecasts panel, and he serves on the Joint Advisory Board of Economists for the Commonwealth of Virginia.

Jay Bryson, Ph.D., Managing Director, Global Economist

Jay BrysonJay Bryson is a managing director and global economist at Wells Fargo Securities, where he provides analysis on macroeconomic developments in the major economies of the world. He is based in Charlotte, N.C.

Before joining the company in 1998, Jay was an economist in the Division of International Finance at the Federal Reserve Board in Washington, D.C. From 1989 to 1992 he was an assistant professor of economics at the University of Alabama. Jay has also lectured on international economics and macroeconomics at the School for Advanced International Studies at Johns Hopkins University and at Georgetown University.

Jay has published in academic and popular economic journals, and his comments on the economy regularly appear in the Wall Street Journal, the New York Times, and USA Today. He also makes frequent appearances on CNBC and Bloomberg TV. Jay is a member of the American Economic Association and the Charlotte Economics Club. He is also a member of the National Association for Business Economics and served on its board of directors from 2010 to 2013.

Jay received his B.A. and Ph.D. degrees in economics from the University of North Carolina at Chapel Hill.