Economic Outlook and Planning in the Third Quarter

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Issue #13268 - November 2021 | Page #83
By Carl Villella, CLFP

Economic studies prepared by the multinational professional services company, KPMG, show that the pace of job gains has slowed due to the Delta variant and is leading to a reduction of economic activity in the 3rd Quarter of 2021.

KPMG lowered its 3rd Quarter GDP growth numbers from 6.4% to 1.7%.

Drastic as that sounds, they still predict GDP to rebound in the years ahead as the country recovers from the damage caused by the pandemic.

We hear the story over and over: The savings rate in the U.S. is the highest it’s been since World War II. There is a lot of pent-up demand, and it will translate into solid demand for the next few years.

The challenge is, how are you preparing your business for the increase in demand when it bounces back?

Currently, there are lag times in the delivery of equipment, so you may want to mitigate this factor by planning now for the pick-up in demand down the road.

In fact, now IS the time to select the equipment you need, whether new or used, and consider your financing options for securing it.

Acceptance Leasing and Financing Service would like to partner with you.

Since 1992, we’ve been active in financing equipment in the component manufacturing arena. We know the equipment, and are familiar with the companies and many of their sales teams. All of this makes it easier to deal with us.

We make the financing process easy for both client and vendor. There are plenty of financing options available, for expansion-start-up companies to ones that have been around for decades.

We welcome your call and look forward to working with you.

Contact us at 412/262-3225 or check out our website: www.acceptlease.com.


Note: To read the full KPMG study, visit Shape Shifting: How the pandemic is changing the contours of the economy

Carl Villella

Author: Carl Villella

President, Acceptance Leasing and Financing Service

You're reading an article from the November 2021 issue.

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