Date: | 2018 Jan 18 | Industry: | All | Place: | San Francisco | Guests: | 60 | Sponsor: | Morrison & Foerster |
On January 18, GACC West greeted around 60 guests to their annual new year’s event sponsored by Morrison & Foerster to reflect on 2017 and give an outlook of 2018. Kristi Dolseth & Christian Ebster from KPMG summarized KPMG’s annual GABO survey – showing that German companies in the Bay area are growing and investing heavily. Senior Director of the Bay Area Council Economic Institute, Sean Randolph, analyzed the economic forecast of the Bay Area, emphasizing that there currently is a unique kind of momentum and a well performing economy. The Bay area has the highest amount of Fortune 500 companies after New York City. Gary Schlossberg, Vice President, Senior Economist at Wells Fargo Capital Management reflected on the overall balanced recovery during the last 9 years and shared a positive outlook for 2018, however predicting some headwinds to watch out for. His colleague Michael Moskowitz, Investment Strategy Specialist at Wells Fargo gave an insightful economic strategy update, discussing the U.S. and developed markets, risks, and investment implications. The event was concluded with greeting words from the German Consul General Hans-Ulrich Suedbeck.
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