Economic Forecasts

Posted on 11/30/2009 | 1 Comment

(Community Matters) While reviewing a board package this morning and in the board meeting this afternoon, I was bummed to see the economic statistics and to hear the forecasts which include a high degree of caution for a double dip recession – and for sustained unemployment.

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One Response to Economic Forecasts

  1. DanC | 12/01/2009 at 10:48 AM | Reply

    I’m surprised that others are surprised by the economic forecasts. Weren’t we hearing a year ago how this was going to be a very long and nasty recession? A U-shaped pattern (i.e. a decline followed by a flat period for perhaps years). Most of the economists I read were saying that this was going to be a long recession. It’s still only 2009; I don’t know what people are expecting.

    One silver lining is that this should be a good time to start a business. Plenty of skilled people out of work, low interest rates, low commercial rents. Get your entrepreneur friends on it!

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