Regional Economic Outlook

The latest regional economic forecast from Economy.com reminds us why there are so few economic development deals right now. Our economy is still hurting and in some places it is downright rotten. Here are a few clips from Economy.com's just released regional economic outlook.

"Economic recovery remains muted nearly everywhere. One is hard pressed to identify any local economies enjoying stellar economic growth. The one exception is southeast Florida, where capital flight from South America is stimulating the economy. Southern California is stable. Other areas still expanding are some of the smaller western economies that benefit from rising commodity prices and stable local tourism."

"There are few local economies still in deep recession, although exceptions are easier to find in this case and include Seattle, Atlanta, Denver, San Francisco and Boston. Arguably, the weakest region is now the Northeast, where much of the region remains in recession, struggling with cutbacks among securities and brokerages, software and electronics, telecommunications equipment and services, and state government."

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