State Could Be Among Second Group To See Recovery Turnaround

A national economic analysis says North Carolina will be among the second group of states to see an recovery from the recession.

Moody's Economy says the Tar Heel state could get out of the recession during the first quarter of 2010. Colorado, Idaho, Oregon, Texas and Washington are in the first group which are likely to recover in the fourth quarter of this year.

The Moody's survey also looked at individual markets and how they are doing in the recession. It says the Greenville market has seen the second worst drop in single family housing starts in the state, compared to this time last year, at -70.56%. That compares to Jacksonville which has the lowest drop in housing starts at -8.09%.

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  • by Anonymous on Jun 4, 2009 at 01:33 PM
    Theres no need to save your maoney because when the nation's economic system collapses, dollars wont be worth anything anyway.
  • by bubba Location: who cares on Jun 4, 2009 at 12:37 PM
    I agree, a bunch of hog wash. I'm sure the "political" powers wrote the story. Next year over 8000 state employees will be without a job, and most others a pay cut. Gas is on the way back up because the middle east oil kings want to get richer, and the US oil companies are smiling because they will again make record profits. I hope you fools who put these people in office on the State and Federal level are happy. But in your defense, I agree both parties are all for money and big buisness. The lower and middle class person will suffer because of greed. Someone please help us!!!!!
  • by BROKE Location: FARMVILLE on Jun 4, 2009 at 11:32 AM
    Housing ?? Recovery?? These folks are delirious!! We haven't recovered from when gas and fuel went sky high 2 years ago!! Maybe if I got 2 more jobs to offset the cutback at my full time job and maybe if my husband had a real job, I might could see some lite at the end of the tunnel. Ha! You guys are right ontarget on your comments--some folks don't have a clue and we haven't seen ANYTHING yet!!!
  • by BooBoo Location: here on Jun 4, 2009 at 10:07 AM
    You're right Dwayne. It's coming. Some people are getting a false sense of security, but you just wait. We ain't seen nothing yet! Next year at this time there will be alot of boohooing going on. Save your money now, if you still can. You will need it next year.
  • by Dwayne Location: Greenville on Jun 4, 2009 at 09:08 AM
    Smoke and mirrors. These Chinese literally laughed Tim Geightner out of the room when he suggested that the Chinese should consider US investments safe. The sunami of higher interest rates, high unemployment and further business closures cannot be seen with the eye, but is on the way. The earthquake caused by Bush/Obama runaway spending is just now making it through the ocean of highly dictated and dumbed down media. Most US citizens have no idea what is going on.

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