Mount Prospect State Bank hosts Economic Breakfast

Ample regulation, tax uncertainty and rising health care costs were three lingering concerns addressed by Lindsey M. Piegza, chief economist at Stiffel, Nicolaus & Co., Inc.

Speaking before local suburban business leaders at an Economic Outlook Breakfast sponsored by Mount Prospect State Bank, Piegza went on to say that despite these concerns the economy is on an improved forecast for growth.

"Not a three, four or even five percent GNP, but a very strong two to two and half percent growth rate," Piegza noted, adding that she was cautiously optimistic and that we are "turning the tide, arresting that significant downward trend that we would have otherwise seen under the status quo policies of the past decade. I see an improved forecast of continued moderation," she concluded.

This is the second consecutive Economic Outlook Breakfast hosted by Mount Prospect State Bank, a branch of Glenview State Bank.

"We invite knowledgeable economists to speak at these events who highlight trends and speak to issues affecting the economy," said John G. Eilering, president, Mount Prospect State Bank.

"Our clients appreciate the opportunity to garner wisdom from economic experts so that they may have a better grasp of the emerging business climate."

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