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Economist: Economic recovery is under way, local business leaders told
TweetPublished: Thu, November 19, 2009 @ 12:40 p.m.
CANFIELD — An economic recovery is under way and will continue building steam next year, an economist told a group of local business leaders this morning.
Ken Mayland, president of ClearView Economics in suburban Cleveland, said he thinks the nation’s gross domestic product — the value of all goods and services produced — will increase 3.5 percent next year after dropping 2.8 percent this year.
Plus, he thinks the stock market will continue to rise. Values are up 65 percent since March but need to climb 35 percent more to reach the market’s highs of 2007.
“We’re still just crawling out of the hole,” Mayland told a group of KeyBank customers at Tippecanoe Country Club here.
For the complete story, see Friday’s Vindicator and Vindy.com
Comments
Liar. Today's Washington Post clearly charts the depth of this painful recession by pointing out that industrial production, consumer spending and job growth are all way down (and getting lower) in comparison with all major recessions over the past 40 years. It is the truth, not fat cat propaganda like this, which will set us free.
These same "Econo-missed's" told you to "stay the course", as your 401K melted down 60%.
Weathermen are better at making predictions. Bernanke didn't see the recession coming how the heck would he know when it ends? http://www.youtube.com/watch?v=INmqvi...