ACG C-Circle on Economic Outlook for 2020

Rimon Partner Jim Chapman will be the moderator at the ACGSV’s C-Circle on Economic Outlook for 2020.

Host:

Deutsche Bank Labs, Silicon Valley

Location:

Date and Time:

January 16th, 2020 – 08:00AM – 10:00AM PST

Why You Should Attend:

ACG Silicon Valley’s C-Circle, now in its ninth year, proudly announces that it has attracted a following of approximately 400 CEOs and C-level executives and achieved a regular attendance of 35 executives per session.

TOPIC

Economic Outlook for 2020

In response to recent volatility in the stock market, rising prices (and declining yields) for U.S. Treasury bonds, and difficulties in the trade relationship between the United States and China, many pundits, politicians, and fund managers have been loudly forecasting an economic decline if not recession in the U.S., timed to coincide with the 2020 presidential election. The increasing volume of these forecasts and incorrect predictions are driven partly by partisan hopes that an economic slowdown gives Democrats the best opportunity to defeat President Trump next year. But hopes of this kind do not make for sound economic forecasts. None of the major institutional forecasters is looking ahead to a recession in 2020. The Conference Board, while recognizing risks to the economy, is still forecasting real GDP growth of 2.3% in 2019 and 2% in 2020. The International Monetary Fund, in July 2019, forecasted global growth to expand to 3.5% in 2020, with the U.S. economy expected to expand at 1.9%. The most recent forecast of the Federal Open Market Committee calls for 2% growth in real GDP in 2020, compared with 2.1% in 2019. This is the conventional wisdom, to be sure, and such wisdom has often missed the mark, as we saw in 2007-2008, the disastrous interest rate hikes by the Federal Reserve in late 2018 as it misread the economic indicators and recent jobs reports for October and November 2019.

Please join us for a stimulating discussion on the outlook for the US and Silicon Valley economies in 2020 and beyond.

• What is the anticipated GDP growth in 2020?
• Is GDP growth the appropriate measure for understanding the economic health of the US or globally?
• What measures should business owners look at?
• How did the pundits miss the jobs growth in the last two months?
• Did the Federal Reserve learn anything from its past mistakes?
• What are the positive aspects of the current US economy?
• How does the dramatic increase in the number of people in the work force impact economic growth?
• What are the headwinds for the US economy?
• Will Europe recover in 2020?
• What have been the drivers of the decrease in capital investment in 2019?
• What is the likely impact of trade tensions between the U.S. and China and the U.S. and the European Union?
• Have these tensions caused significant disruptions in supply chains?
• What will be the impact in the US of the presidential primaries and the onslaught of negativity?
• What is the status of current economic productivity in the US and what is the trend?
• Will we see advances in technologies such as artificial intelligence have much of an impact on productivity in 2020?
• What impact will the recent stock market record highs have on consumer and business confidence levels?
• Can unemployment continue to fall or has it hit bottom?
• Has the achievement by the US as a “net energy exporter” served as a stabilizing factor in the economy?

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Mr. Chapman focuses his practice on securities law, venture capital, mergers and acquisitions, and international business transactions. He counsels publicly traded and privately held clients on public offerings, private placements, debt financings, venture capital transactions, mergers and acquisitions, and related transactions. Mr. Chapman also represents venture capital firms, angels, and private equity groups in their investments. With 30 years of experience in corporate and securities law, he has represented clients in over 300 mergers, acquisitions, and financing transactions. Read more about James Chapman here.

ACG Silicon Valley (ACGSV) is a community with a purpose dedicated to providing CEOs and senior executives with direct and referral access to respected business leaders, transformational thought leadership, and practical experiences for career growth and business development.