Last Sunday, December 23, 2007, The Seattle Times had on the front page an interesting article on the economic outlook for 2008 in the Greater Seattle area and Washington State in general.
The article; "Region likely to dodge economic doldrums" lists four economic points, and gives examples that show that while there may be some downturns for much of the U.S., our local area will hold up better:
* Housing - Still better than elsewhere
* Business spending - Expected to grow more slowly [than in 2007]
* Exports - Weak dollar bolsters exports
* Crop prices - A boon for much of the state
Wells Fargo Senior Economist Scott Anderson states that while:
"There's a lot of doom and gloom dominating the national headlines, but the Seattle market continues to prosper....Seattle continues to lay the groundwork for another decade of expansion."
Looking forward to 2008, Seattle looks to be positioned in relatively good way.
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