Cover Story

Economic Outlook 2008

What’s in the Forecast for the Nation and Region?
December 24, 2007

December 24, 2007

As 2007 winds to a close, the talk is about the ‘r-word’ — recession. Some economists say the country will likely be in one by mid-year, but others say the nation and region are due merely for a sluggish year with fairly modest growth. Locally, economic-development leaders are buoyed by a more fiscally stable Springfield and the beginnings of a ‘green’ cluster. But there are concerns, especially about the need to close an alarming skills gap that is preventing many employers from filling job vacancies.

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