Cloudy with a Chance of Tariffs ©2018 CliftonLarsonAllen ...
?2018 CliftonLarsonAllen LLP
Cloudy with a Chance of Tariffs and a Recession: 2020 Forecast
Jeff Servais, Principal ? Private Equity Steven Jones, Director ? CliftonLarsonAllen Wealth Advisors, LLC William Choler, Principal ? Manufacturing & Distribution ACG Global Webinar August 21, 2019
WEALTH ADVISORY | OUTSOURCING | AUDIT, TAX, AND CONSULTING
Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor
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?2019 CliftonLarsonAllen LLP
Session Overview
? Macroeconomic indicators ? Market indicators ? Geopolitical risks ? Conclusions for transactions in 2020
Create Opportunities
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?2019 CliftonLarsonAllen LLP
Macroeconomic Indicators
WEALTH ADVISORY | OUTSOURCING | AUDIT, TAX, AND CONSULTING
Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor
3
?2019 CliftonLarsonAllen LLP
Real GDP
Since 1983, recessions have become less frequent.
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Create Opportunities
The average growth rate has slowed so now there is "less margin of error", making is easier for the economy to slip into recession.
Leading Index
Create Opportunities
The Leading Index has fallen sharply in front of the last three recessions.
There has been no corresponding sharp drop-off.
?2019 CliftonLarsonAllen LLP
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