U.S. economy is stable and growing

Economist to CFOs: No recession likely on the horizon.

“Nothing terrible, nothing great.”

That’s the U.S. economic outlook, according to economist Elliot F. Eisenberg, who said a recession is unlikely in the immediate future.

The acclaimed economic expert and former senior economist at the National Association of Home Builders shared his insights during a lively general session speech at the CUNA CFO Council Conference in Anaheim, Calif., this week.

Some key points in his prognosis of the economy:

There is reason for optimism. Americans have growing household incomes and are borrowing more.

Student loan debt isn’t as big of a problem for credit unions as some think. He said the amount of student loan debt is a good indicator of borrowers’ internal drive and the quality of the schools they’re attending.

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