Rising tariffs have helped make this the “year of uncertainty,” but there are no signs of a recession on the horizon, according to Dr. Michael Pakko, chief economist and state economic forecaster at the Arkansas Economic Development Institute at the University of Arkansas at Little Rock.
Pakko spoke at the Arkansas Economic Forecast Event at the Clinton Presidential Center Nov. 6. It was hosted by the Institute along with the Federal Reserve Bank of St. Louis Little Rock Branch.
Also speaking were two Federal Reserve Bank of St. Louis economists: Kathleen Navin, senior economist; and B. Ravikumar, senior vice president and deputy director of research. The three discussed economic trends, although they were hampered by the federal government shutdown making third quarter economic numbers unavailable…