Thursday, December 7, 2017
The state and national economies continue to strengthen heading into 2018, a trio of Oklahoma economists said Wednesday.
After an eight-year growth market, economists at the Oklahoma Economic outlook conference and the Oklahoma City Economic Roundtable said the growth is likely to continue through next year.
"I don't think there's a recession in sight," said Jim Huntzinger, executive vice president and chief investment officer at Bank of Oklahoma Financial Corp. "All the early warning systems seem to be well-behaved. There's still plenty of runway in front of us."
The economy has benefited from slow, steady growth, Huntzinger said, borrowing the image of the tortoise and the hare.
"The tortoise is still going along," he said. "We're not seeing the things we've seen in previous recoveries getting out of kilter."