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Alabama 2010 Forecast Released at Annual Conference

2010 will be a year of recovery for the state’s economy, although the pace of improvement may be slower than the nation’s.  That’s the forecast presented by the Center for Business and Economic Research (CBER) at its 22nd annual Economic Outlook Conference held January 14 in Montgomery.  Dr. Sam Addy, CBER director, expects Alabama GDP to see modest growth of around 1.9 percent as the economy begins to expand again.  Jobs will continue to decline in most sectors at least through mid-year.  However, slowing losses later in 2010 coupled with gains in services and government should keep employment just about level for the year.  State revenues could eke out a slight 0.3 percent increase during FY2010, although sales and income tax collections are expected to decrease. . . more

Business confidence continues to rise as Q1 2010 ABCI™ reaches 48.8

ABCI 2010 Quarter 1 Newsletter (.pdf)

SUMMARY:  Business confidence continues to improve heading into the first quarter of 2010.  An increase of 1.5 points moves the index up to 48.8—still, however, below the neutral point of 50.  While confidence has risen markedly since lows of around 32 in the first half of 2009, Alabama business executives do not feel that a broadly-defined recovery will be achieved this quarter.

FINDINGS:  Key results looking ahead to Q1 2010 . . . more

View the results.
(Q1 2010)

 

January 14, 2010

Alabama Economic Outlook


Alabama Business


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