Recession, Blockchain, Drones and Other Tech Predictions for 2019
Here’s what insiders see coming around the bend
By Christina DesMarais
Technology is evolving at an exponential pace and undoubtedly a year from now the landscape will look different than it does today. Here are what tech insiders see coming around the bend.
1. There’s a High Probability We’re Headed for Recession
“We’ve been putting the economy on performance-enhancing drugs in the form of cheap debt for the past decade. Now that party is coming to an end as the feds raise interest rates to fight inflation and we’re going to feel some painful withdrawal. As interest rates go up, regular families are going to spend more money serving their mortgage and line of credit and have less money to spend at local restaurants and shops. When a recession arrives, everyone is going to pull back on spending at the same time leaving small businesses in a lurch. That means small business owners need to get their finances in order. Now is the time to reduce expenses, not the time to expand.”
— Ian Crosby, cofounder and CEO of Bench Accounting, one of the top 30 fastest growing tech companies in North America which has raised over $53 million and employs over 300 people
