Slow Recovery, Flat Economy - But No Recession - Forecast for New England

UNH Media Relations, May 30, 2008 - New England will experience a slow recovery starting in mid-2008 and a relatively flat economy through 2012 as a result of the national credit and housing crises, according to Ross Gittell, James R. Carter Professor of Management at the University of New Hampshire.

"Current conditions in the nation, and extending to the region, are a product of the broadening effects of the national credit crisis and the economic vulnerabilities extending from the housing market to other sectors of the economy," Gittell said.