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.
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.