With the new year underway members of the Greenville business community gathered to take a look at the economic outlook for 2012.
The Pitt-Greenville Chamber of Commerce hosted a luncheon Tuesday featuring keynote speaker Dr. Rick Niswander, Vice Chancellor for Finance and Administration at East Carolina University.
Niswander told the group that while the economy hasn't fully recovered yet, it is moving in the right direction, with personal disposable income up as is commercial lending. Niswander cautioned that one of the biggest challenges to continued economic growth is developing a work force with the educational background required for the types of jobs that will be created moving forward, but most other aspects of our economy are looking good. Niswander says, "Virtually every economic indicator is pointing in the right direction. Some of them have totally recovered from where they were before the recession and some of them haven't but are moving the right way. Construction hasn't recovered, housing hasn't recovered, and unemployment is very very slow"
Niswander says while construction, housing, and unemployment numbers are a concern, he does expect them to improve slowly throughout the year.