In our annual forecast, Mainebiz asks a range of experts where the economy is headed. A year ago, many were expecting a recession. For 2020, there’s no clear consensus.
Get Instant Access to This Article
Subscribe to Mainebiz and get immediate access to all of our subscriber-only content and much more.
- Critical Maine business news updated daily.
- Immediate access to all subscriber-only content on our website.
- Bi-weekly print or digital editions of our award-winning publication.
- Special bonus issues like the Mainebiz Book of Lists.
- Exclusive ticket prize draws for our in-person events.
Click here to purchase a paywall bypass link for this article.
Every January, Mainebiz looks at the coming year and asks a range of experts, “Where is the economy headed?” This year, we asked CEOs, business owners and nonprofit leaders what 2020 will look like. A year ago, many were expecting a recession. That didn’t materialize and this year many are expecting to stay strong throughout the year. Yet, even though some sectors are strong, there are concerns out there. Construction costs continue to skyrocket, consumer goods are getting more expensive, health care costs are rising. As you’ll see from the responses, there’s not a clear direction the economy is headed.
Business Leaders
Ellen Belknap, principal and president of SMRT
Kevin Schneider, Acadia National Park Superintendent
JB Turner, president and general manager of Front Street Shipyard
Steve Hewins, executive director of HospitalityME
Robert Russell, CEO of North East Mobile Health Services
Steve Tenney, CEO of Great Diamond Partners
David Libby, president and CEO of Town & Country Federal Credit Union
Jacqueline McGee, principal and director of design at Ealain Studio
Patrick Strauch, executive director of the Maine Forest Products Council
Tom and Kate Chappel, founders of Tom’s of Maine
David Daigler, Maine Community College System president
Andrew Silsby, president and CEO of Kennebec Savings Bank
Susan Veligor, certified financial planner at Cornerstone Financial Planning
Jon and Cindy Smith, Great Falls Construction
Rob Snyder, president of the Island Institute
John Ryan, president of Wright-Ryan Construction
Kristan Porter, president of the Maine Lobstermen’s Association
Terry Colby, professor of nursing at the University of Maine at Augusta
Bill Caron, CEO of MaineHealth
Chip Newell, NewHeight Group
