OSU’s Ned Hill: Slow Growth in 2024, but No Recession


Manufacturers are approaching 2024 with caution, according experts who participated in a recent IndustryWeek webinar. Dr. Ned Hill of The Ohio State University, and a frequent OMA contributor, was among the panelists. He said manufacturers are taking steps to lower supply chain risks, adding that he foresees slow growth for next year, but no recession. See these slides from Hill’s presentation. Meanwhile, OMA Connections Partner RSM reports that its U.S. Manufacturing Outlook Index shows continued industry slowdown even as jobs recover. Members can register now for RSM’s 2024 middle-market economic outlook. The complimentary webcast is set for 1 p.m. Dec. 20. 11/27/2023