Findings of New Jersey Bankers Association’s 2015-16 Economic Survey and Economic Impact Assessment to be Presented Feb. 5
WHAT: “A Presentation of the NJBankers 2015-16 Economic Survey and Economic Impact Assessment,” an analysis of the national and state economies from the perspective of bankers and an analysis of the economic impact of the banking industry on the New Jersey economy
WHO: John E. McWeeney Jr., president and CEO, New Jersey Bankers Association; James W. Hughes, distinguished professor and dean; Marc D. Weiner, associate research professor; and Will Irving, senior project manager and economic analyst, all Edward J. Bloustein School of Planning and Public Policy, Rutgers University
WHEN: 10 a.m.–12:30 p.m., Friday, Feb. 5, 2016
BACKGROUND: This is the fifth annual economic survey. The survey inquires about current national and state economic assessments, as well as six-month projections; expectations about long-term and short-term interest rates; commercial real estate submarket and loan demand; and residential loan and refinance demand. The survey also explores current and anticipated real estate values as well as negative indicators and common obstacles to lending. The survey series probes metrics about the national, state and banking market economies in order to better understand, and, in turn, better facilitate the growth, development and common interests of the banking sector in New Jersey.
Conducted by the Bloustein School under the direction of James Hughes and Marc Weiner, the survey sampled all 101 member institutions of the New Jersey Bankers Association and received an 81 percent response rate. Copies of the survey will be available following the event or by visiting http://bloustein.rutgers.edu/.
A separate economic impact assessment, "Contribution of the Commercial Banking and Savings Institutions Sectors to the New Jersey Economy," was conducted by Will Irving, senior project manager and economic analyst at the Bloustein School; Michael L. Lahr, research professor, Center for Urban Policy Research and associate director, Rutgers Economic Advisory Service (R/ECON) at the Bloustein School; and Weiner. The findings of this assessment will also be presented by Irving.
This event is free and open to the public. Members of the media should RSVP to karyno@rutgers.edu by Wednesday, Feb. 3. Please visit the Bloustein School website for parking and directions.
EDITOR’S NOTE: ATTENTION BUSINESS, FINANCE, ASSIGNMENT EDITORS, to attend the presentation contact Karyn Olsen at 848-932-2814 or karyno@rutgers.edu. Requests for wireless internet access must be made a minimum of 48 hours in advance of the Feb. 5 event. This event is free and open to the public. RSVP to karyno@rutgers.edu by Wednesday, Feb 3.