The Mile High Credit Summit was our first event in Colorado since 2020. We want to thank everyone who came out to this event. We hope to have more in-person events in Denver in the coming years.… Read the rest
The NACM Commercial Services team went on three different outings this summer. The Portland office went Axe throwing, Spokane went to a baseball game, and San Diego went on the Bahia Belle and dinner. We wanted to share in our fun with all of you. Thank you for being our members and letting us do what we do.
Written By: The Allianz Research Department
- As Russian gas supply is coming to a halt, the fight against inflation is raging and political uncertainties coalesce, our previous adverse scenario has become reality. The trifecta of lower growth, higher inflation and higher rates will hit even harder. We expect global growth to slip into negative territory in Q4 (-0.1% q/q), followed by a slow recovery at +1.5% in 2023. Consumer sentiment has already plunged to record lows and business confidence continues to deteriorate rapidly, which will hold back consumption and investment.
- Eurozone growth is likely to plunge to -0.8% in 2023 due to soaring energy prices and negative confidence effects. Increased fiscal support to the tune of 2.5% of GDP on average and limited monetary easing after mid-2023 will help make the recession shorter and shallower, and limit the risks of social unrest.
Written by: Mark Teeter, CCE
The first step is the hardest. Something we’ve all heard and something most of us know to be true. So why is it we shy away from that first step, knowing the second is easier and before long those steps become fulfilling? The fear of the unknown, not knowing what to do or say, the fear of failure or possibly rejection? These are all powerful reasons many stay unengaged in the things, groups, causes, and organizations that matter to them.
I want to encourage you though to take that first uncomfortable step toward engagement and involvement in serving others through the groups and causes you connect with. By getting involved in a volunteer role with any organization that speaks to your interests, you not only get the benefit of a deeper knowledge of that organization, but you have a voice in that organization and begin to develop a deeper-rooted connectivity with your peers.… Read the rest
Written by: Jamilex Gotay, editorial associate, NACM National
Investopedia names complacency as one of the top six reasons a business fails, and a culture of complacency prevents leadership teams from predicting a downturn and other risks that can harm a business.
Signs of workplace complacency include employee disengagement, disinterest in other opportunities, taking shortcuts, frequent mistakes, minimal initiative and neglecting tasks. Complacent employees like to stay put and are not looking to grow, which can harm a company. Industries most at risk for workplace complacency are construction and healthcare, due to the high number of potential hazards, according to Indeed.
“Complacency can lead to underperformance, lower client satisfaction, and workplace accidents,” reads an article from Teambuilding.… Read the rest