Wisconsin's Economy Should Remain In Good Shape
Friday, December 27th, 2019 -- 8:54 AM
Wisconsin’s economy should remain in good shape and a solid year of lending is expected in 2020, according to a survey of state bank executives.The Journal Sentinel reported that the poll by the Wisconsin Bankers Association shows that 95 percent of the bankers rated the economy as good or excellent. The remaining 5% of the 83 respondents rated the outlook as fair and none of them consider the economy to be poor.
Nearly three of four bankers expect the economy to stay the same in the next six months and about one in four expect it to grow. About 5% of those surveyed expect the financial conditions to weaken.
The survey said that low unemployment and interest rates, strong manufacturing, a diverse economic base and robust consumer confidence were among factors cited by the bankers for the upbeat outlook.
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