Issue link: https://tradeshowexecutive.epubxp.com/i/76788
SPONSORED BY Continued from page 20 GDP growth would certainly be harmful for housing, causing more job loss, set back household balance sheet repair, and depress the already moribund housing market, Chow noted. For home builders, the expiration of the Bush tax cuts would represent a business tax hike for a major- ity of the industry. So what can we expect to happen? Steve Moster PRESIDENT Global Experience Specialists (GES) Aaron Bludworth COO Fern Exposition Event Services Chris Meyer VP OF SALES Las Vegas Convention & Visitors Authority Pat Fallon VP OF BUSINESS DEVELOPMENT CompuSystems, Inc. James Rooney EXECUTIVE DIRECTOR Mass. Convention Center Authority Trade Shows Will Mirror the Slow Economy "Tere is too much uncertainty — including the Presidential election and the European economic crisis — for anything dramatic to change in the U.S. economy over the next six months. Slow economic growth, modest improvements in unemployment, and continued conservative spending by both business and consumers will characterize the remain- der of 2012. Te trade show industry will mirror this behav- ior, as it has done historically, with slow modest gains for the balance of 2012 and through 2013." Congress will most likely compromise to avoid the fiscal cliff. Most of the Bush tax cuts will be extended, perhaps for another a year or two. Te payroll tax cut and extended unemployment benefits may lapse and a majority of spending cuts will be enacted. "While most analysts believe the compromise will not happen until aſter the presidential and congres- sional elections, I think the President may propose a generous compromise to bolster his campaign hopes," Chow said. "Any stalemate like the debt ceiling fight would have dire economic consequences causing businesses and consumers to lose further confidence," he pointed out. Any stalemate like the debt ceiling fight would have dire economic consequences causing businesses and consumers to lose further confidence. Frank Chow, TSE CHIEF ECONOMIST Te Federal Reserve has already done Gregg Caren SENIOR VP, STRATEGIC BUS. SMG Lindgren-Garnett REGIONAL VP Shura Global Spectrum Terence Donnelly VP OF SALES Experient Jack Chalden ASSOCIATE The Augusta Group T&S; Forecasting Board on the Road Again Come celebrate the success of the 100 largest trade shows in the United States and meet the members as they bring you up-to-date forecasts and trends at Trade Show Executive's 5th Annual Gold 100 Awards & Summit, October 3-5, The Ritz-Carlton, Washington, DC. REGISTER TODAY AT www.TradeShowExecutive.com/GoldGala its part by extending the $400 billion "Operation Twist" initiative to year-end that was set to expire at the end of June. Tis will probably keep long-term inter- est rates low for another year, but adds to future inflation expectations when- ever the economy becomes robust again, Chow said. Trade show executives should expect that government will continue to kick the can down the road, basically ensuring very slow growth for the next several years while households and gov- ernments rebuild their balance sheet. TSE www.TradeShowExecutive.com | July 2012 23