NFIB, Visa Economists Offer Insights Into U.S., Tennessee Economy

Date: May 24, 2017

The U.S. economy is “solid” with little chance of a recession in the near future. That’s according to Wayne Best, chief economist for Visa Inc. Best joined NFIB Chief Economist William Dunkelberg in Nashville on May 24 the Small Business Economic Roadshow, presented by Visa and NFIB.

Dunkelberg, who oversees the NFIB Index of Small Business Optimism, said employers were encouraged by the results of the last election. The index dipped 0.2 points in April but, at 104.5, remains significantly higher than it was a year ago, he said.

The economists spoke at a free luncheon held in the conference center at One Century Place in Nashville.

Best, chief economist for Visa, Inc., who is internationally renowned for his insights into the consumer’s ability to spend, save, and pay down debt. He is a member of the World Economic Forum’s Global Strategic Foresight Community and produces Visa’s business and economic insights reports.

Dunkelberg, who has been NFIB’s chief economist since 1971. He produces the monthly monthly Small Business Economic Trends report, which is considered by administration officials, Congressional leaders, the Federal Reserve, and all state governments to be the national barometer of the small-business economy.

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