According to the research team at Goldman Sachs, we can expect healthy growth in 2024, with the economy growing by 2.1%.
Most of the problems that would lead to higher inflation, such as an overheated labor market, are gone. And as a result, the probability of a recession in 2024 is much lower than what was predicted months ago. There actually was a “soft” economic landing!
While business investment is expected to slow, and financing conditions are expected to be more difficult, mostly for real estate, overall business investment is expected to grow 1.75%.
Another bit of positive economic news: Consumer spending is expected to be strong, with real disposable income expected to grow by 3% in 2024.
All this good economic news emphasizes the point that now is a good time to consider what equipment you’ll need to make 2024 a banner year for YOU.
With rate increases mostly behind us, now is a good time to access your bucket list, and talk to us about the financing options available to you. We finance both used and new equipment, and under certain circumstances we can finance equipment that you recently acquired with cash, to improve your cash flow situation.
There are a number of financing programs available. We’d be happy to discuss them with you. Call us at 412 262-3225.
We are Acceptance Leasing and Financing Service, Inc. We will be in our 32nd year of business in 2024. Established in 1992, we pride ourselves on our Certified Leasing and Financing Professional designation. We are a member of SBCA and a frequent attendee of the BCMC tradeshow. We can provide financing for any new and, regardless of age, used equipment.
We look forward to working with you.