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Huffington Post: “Lackluster Year Ahead: Financial Professionals Predict No Change”

September 20, 2011
Read Time: 0 min

Stock market volatility is becoming the norm in the U.S., and in some countries abroad, economic stability is even more difficult to find. With such pessimistic news permeating the media, it is no surprise that financial professionals are less than enthusiastic about the U.S. economy’s outlook for the coming year.

Sageworks surveyed financial professionals — chiefly from accounting firms and financial institutions — to ask how the economy will have changed one year from now. Their responses were based on interactions with their business clients. The results of this survey show that there is a general sense of malaise in the American business environment.

More than 54 percent of those polled believe the economy will be in much the same condition one year from now as it is today. According to these respondents, the next year will be very lackluster for American businesses, and we shouldn’t anticipate much change in the 9.1 percent unemployment rate. Nearly 22 percent of those surveyed believe the economy will take another turn for the worse, but the remaining 24 percent expect to see some improvement. To read the full article, see the financial analysis data on Huffington Post.

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Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest

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Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

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