SCSU Economist: Long Road Ahead To Economic Recovery

ST. CLOUD — A local economist says we’re starting the year on the road to economic recovery, but full recovery is still years — not months — away.
St. Cloud State University Economist Orn Bodvarsson says the slow recovery could hit a bump in the road, if projections of $3.75 gas prices come true this spring.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Bodvarsson says some recent good news include local retailers reporting strong Christmas sales, and the auto industry is selling cars again. However, a couple areas of concern remain the sluggish housing market, and the remaining high unemployment rate.



Leave a Comment