(Community Matters) IHS Global Insight provided an economic forecast to CAPCO.
Our job concentration in technology, especially computers and seminconductors makes us particularly vulnerable. Poor transportation and higher than statewide average housing costs burden competitiveness. Yet, our well-educated population & many universities remain a competitive advantage.
They predict continued economic weakness through 2009, with a slow recovery in 2010. Albeit slight, they do predict some growth in jobs and real gross metro product in 2009. That’s about as encouraging as any I’ve read. not that I’d bet on it.
Hat Tip: Brian Kelsey, CAPCO
Community Matters 