Economist predicts state will dodge recession this year
Despite lots of bad news for the local economy, Comerica Bank Chief Economist Dana Johnson predicts that Michigan will avoid falling into a recession this year.
Despite lots of bad news for the local economy, Comerica Bank Chief Economist Dana Johnson predicts that Michigan will avoid falling into a recession this year.
Excerpt:
“The U.S. economy is in the midst of some sort of soft landing, not a hard landing, and that makes a world of difference for the Michigan economy,” Johnson said today. “I’m assuming still that we’re not heading for a recession here in 2007.”
Read the entire article here.
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