While industry leaders generally agree Wisconsin’s economy is strong and they’re optimistic heading into 2019, the path forward isn't free of peril.
A recession doesn’t appear likely in the near term, and deregulation and lower corpo- rate income taxes should help keep the busi- ness climate on the upswing, some industry leaders say in the annual WBA Wisconsin Economic Report by the Wisconsin Bankers Association.
But at the same time, Wisconsin’s agricul- ture industry, especially dairy, is hurting, and tariff retaliation by foreign countries is raising the cost of raw materials for manufacturing and housing here. Across industries, compa- nies in the state are concerned there aren’t enough workers to fill their job openings in 2019.
About half of the 99 top bank executives polled by the bankers’ trade group expect the economy to stay the same next year as it’s been in 2018 — a level 85 percent considered “excellent” or “good.”
A slightly bigger percentage of those who foresee change, however, think the economy is more likely to weaken than grow.