Most Active Stories
- Bradley Completes 'Grid' Of 4,000-Footers, Every Mountain In Every Month
- Dartmouth Once Again Weighing Value Of Greek Life On Campus
- How Kickstarter Kept A North Country Cafe Open - And Kept It In The Family
- Freezing Rain Causes Treacherous Roadways, Multiple Accidents
- Bill Would Require N.H. Employers To Offer Five Sick Days Per Year
Tue December 13, 2011
Economists Tell Lawmakers: Future is Uncertain
Today New Hampshire lawmakers got an update on the economic outlook from a series of forecasters
The Ways and Means Committees from both the House and Senate heard in a day’s worth of presentations that while the economy is improving, it’s doing so very slowly, and the recovery is fragile.
A rebound in the housing market is especially far off, as home sales in New Hampshire have been essentially flat for the past two years.
But Dennis Delay of the Center for Public Policy studies says historically speaking for this recession was not as bad in New Hampshire as the one from the late 1980’s and early 1990’s
Delay: We lost about 10% of our job base, in this most recent recession, the decline was about 4 and a half to 5%, so again this was not New Hampshire’s great recession, we’ve already had that.
The presentations continue on Thursday with more economists and representatives from New Hampshire businesses.