The stock market’s slumps in the past several weeks have had many observers spooked, but while warning flags of a decline are beginning to appear in the form of a tightening labor market, rising inflation and other factors, economists at Dodge’s Outlook Executive Conference were confident that the industry will not be looking at a repeat of the 2008 financial crisis any time soon.
The U.S. economy’s momentum is currently the industry’s strongest tailwind, Murray said, with growth projected to hit 3.1% this year, according to the Congressional Budget Office.
