ECU Economist: Recession Over, Concerns Over State Budget

One local economist thinks the recession is over.

Dr. Rick Niswander, the Dean of the East Carolina College of Business, spoke to local business owners and leaders in Greenville to give his economic forecast.

Dr. Niswander says the country is rebounding from the recession and there are signs of stabilization. The only two areas of minimum growth are in housing and unemployment.

Dr. Niswander says Eastern Carolina is better positioned to see unemployment numbers decrease due to manufacturing, education and health care professions. Although there is the bad news. "The potential negative moving forward is what's going to happen to the state budget and what's that's going to mean for ECU and PCC and then what that's going to mean for Pitt County."

Hoping for the best and bracing for the worst is Dr. Niswander's advice when it comes to the state budget, with a close to 4 billion dollar budget shortfall.

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