University Of Delaware: U.S. Economy Looks Strong

Wilmington DE

31 March, 2022

12:19 PM

Description

Press release from the University of Delaware: March 25, 2022 UD panel experts peer into the economy's future U.S. economic growth continues to surge. And despite recent geopolitical action taken in Ukraine, which is causing markets to fluctuate, the U.S. economy will continue to see gains in 2022. That was the tone of the overall message of the 2022 Economic Forecast on Feb. 24. This year's event, sponsored by University of Delaware's Alfred Lerner College of Business and Economics' Center for Economic Education and Entrepreneurship (CEEE) and the Lyons Companies, was held virtually. Video can be found online. Featured speakers included Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland, Michael Farr, president and CEO of Farr, Miller & Washington LLC and chief market strategist for Hightower Advisors, and Hilary Provinse, executive vice president and head of mortgage banking at Berkadia, a Berkshire Hathaway company. Dave Lyons Jr. gave opening remarks for the event, which his father David Lyons Sr. started in 2006, to educate Lyons Companies employees about how changes in the economy were expected to affect clients with whom they worked. It grew in 2007 when the company partnered with both UD to host the event and Michael Farr to speak. Carlos Asarta, Lerner College professor of economics and James B. O'Neill CEEE director, represented the university during the presentation. Farr described David Lyons Sr., who passed away in 2018, as a great friend. "David Lyons really cared about his community and he cared a lot about Delaware, and he wanted to make a difference. And this was one of the many ways David did that," Farr said. "I always like to remember him as we start our program." A look into the U.S. economy Mester, who participated in a 2019 Economic Forecast at UD, was the keynote speaker. She began her remarks assuring people that the U.S. economy was not to be underestimated. The proof was in the numbers. This press release was produced by the University of Delaware. The views expressed here are the author's own.