The nation's economic growth may slow as the year progresses, thanks to rising interest rates and energy costs, but the impact on the workers' compensation insurance sector would not necessarily be entirely negative, a macro-economist contends.
Steven Wood, the chief economist for Insight Economics LLC of Danville, Calif., made that observation in an interview prior to his appearance here last week at the National Council on Compensation Insurance Annual Issues Seminar.
Despite strong economic growth activity, Mr. Wood said he suspects we will be in for a weaker second half. "Employment gains are likely to slow a bit, and inflation is likely to be a little bit higher," he projected.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
