Discover how to navigate opportunities and risks in the US service sector as we approach an economic downturn forecasted for 2030. Learn key strategies for business resilience.
We live in a world with a considerable focus on trade policy, manufacturing reshoring activity, the stock market, Fed decisions, and more.
And yet each day nearly half of all economic activity in the US is related to services that everyday consumers purchase, from health care to haircuts. Domestic consumption is the number one contributor to the US economy, and the services sector is the largest slice of that pie.
Knowing where the opportunities and risks lie in this all-important segment of the economy is critical for business leaders in any environment. We are not in just any environment though. We are four years out from 2030, when ITR Economics is forecasting the start of an economic depression. That’s four short years to prepare for the longest and most painful economic downturn of our lifetime. The service sector is a key to unlocking your business’ full potential and ensuring that your business is resilient through the 2030s. Why? Generally speaking, services are more resistant to recession than goods. It’s simply less of a financial undertaking to get that haircut or go to the doctor than it is to buy a new car or fill your house’s propane tank.
This webinar will focus on the markets within the services space doing well now and those expected to do well as we approach and enter the 2030s, as well as those to avoid. We hope you leave the webinar armed with ideas for how to diversify your book of business, a key feature to being recession resistant, and you’ll learn how to make the most of the remaining four years of economic growth we have left.
This webinar recording is an Insider member exclusive! Sign up today to receive this complimentary recording later this month, and receive answers to questions like:
Which service-sector markets are best positioned for growth in the near and longer term?
Which areas of the services economy carry the greatest risk during an extended economic downturn?
How can my business diversify its revenue streams to improve stability ahead of a forecasted economic depression?
Tune in to this Business Series Webinar with ITR Senior Forecaster Connor Lokar to learn about the risks and opportunities in the service sector.
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