Vredeveld Quoted in Business Courier: Cincinnati Economy Could Beat Nation
January 21, 2011
Full article:
Greater Cincinnati’s economy should pick up steam in 2011, growing at a faster pace than was thought just a few months ago, according to the region’s top economists.
Indeed, the local economy should “modestly outperform” the national economy, said George Vredeveld, director of the University of Cincinnati’s Economics Center for Education & Research.
“We’re starting to see a turn in business confidence levels and more business investments,” Vredeveld said. “I believe that confidence is going to be contagious.”
Economists project the metro area’s economy to grow at 3 percent to 3.5 percent this year. Those forecasts have risen as U.S. growth estimates have trended higher, because the local economy tracks closely with national growth. Back in November, most experts anticipated national growth of 3 percent or less. Now many are edging projections closer to 3.5 percent, bringing local projections up, too. Either would be a big improvement from last year’s U.S. growth of around 2.7 percent.
Read the full article on Business Courier's website.
Article by:
Steve Watkins covers banking and finance for the Business Courier.
Contact him at swatkins@bizjournals.com or (513) 337-9441.
Read his blog postings at Cincy Biz Blog.
Source:
Business Courier 
