Economists Tell Lawmakers: Future is Uncertain

Dec 13, 2011

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.