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Research: Trucking Hinges - USA - On cloudy economic forecast
Nashville,Ind,USA -Today's Trucking -25 Oct 2006: -- The 2007 forecast of the U.S. transportation economy is being clouded by several factors, reports a leading American transportation research firm... Weighing on growth, says Nashville, Ind.-based FTR Associates, is the declining housing market and cuts in production by domestic auto producers. These industries are now laying off workers and are responsible for the lackluster employment gains the economy has seen recently. So far, job gains outside of housing and manufacturing remain steadfast, but this bears close scrutiny, the firm says... FTR Associates now believes that the chances of recession, most likely in the first half of 2007, is one in three -- uncomfortably high, but not certain. Even if the country avoids recession, growth rates will seem weak compared to past years, and there may be a bump or two in the road in 2007...
posted by Unknown @ 1:25 PM
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