Economist: Economic recovery is under way, local business leaders told
CANFIELD — An economic recovery is under way and will continue building steam next year, an economist told a group of local business leaders this morning.
Ken Mayland, president of ClearView Economics in suburban Cleveland, said he thinks the nation’s gross domestic product — the value of all goods and services produced — will increase 3.5 percent next year after dropping 2.8 percent this year.
Plus, he thinks the stock market will continue to rise. Values are up 65 percent since March but need to climb 35 percent more to reach the market’s highs of 2007.
“We’re still just crawling out of the hole,” Mayland told a group of KeyBank customers at Tippecanoe Country Club here.
For the complete story, see Friday’s Vindicator and Vindy.com