As the weather-induced economic slowdown recedes, the economy will gradually pick up steam for the rest of year, says Bill Hampel, CUNA’s chief economist and senior vice president.
This growth won’t be “fantastic,” he says, “but within the next couple months we’ll probably have has many people working as there were before the recession.”
Overall, “the economy looks pretty decent.”
Hampel offered these insights during CUNA’s Pressing Economic Issues Series (PEIS) in April. This resource provides monthly 30-minute updates on current economic issues and hot topics affecting credit unions.
Hampel says credit union loan growth is picking up, and that long-term interest rates could “drift up a little” if economic growth continues.
Bill Merrick is deputy editor of Credit Union Magazine. Follow him on Twitter via @CUMagazine.