In May 2018 the U.S. economy recorded its 107th consecutive month of expansion since the end of the Great Recession, becoming the second longest expansion in U.S. history. Assuming the economy continues to grow through July 2019, we will break the record set in 1991-2001 for the longest period of uninterrupted growth in U.S. history. While this is great news, it also means that statistically speaking the next recession is right around the corner, probably in the next one to two years.
Join Dave Vance, former chief economist and CLO for Caterpillar, to learn steps you can take now to prepare for the next recession. He will explore the severity and cause of past recessions and review the leading indicators to watch. He will also suggest both tactical and strategic steps to best position L&D for the unavoidable cost pressures that are sure to accompany the next recession.
In this session we will explore:
- The causes and consequences of notable recessions and depressions in U.S. history.
- The likely timing and severity for the coming recession.
- Strategic steps you can take now to lessen the impact on L&D, including enhanced relationships, strategic alignment, development of business cases and disciplined execution.
- Tactical steps you can plan to take when the recession arrives, including prioritized spending reductions, assistance from your governing board and the conversion of fixed-to-variable expenses