Monday, October 20, 2014

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Annual economic forecast breakfast

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Albany/HV: Annual economic forecast breakfast
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ALBANY, N.Y. -- The Capital Region gets some good news leading into the new year.

Each year, leading financial expert Hugh Johnson delivers his economic forecast to members of the Albany-Colonie Chamber of Commerce. Johnson says New York State will continue to grow slowly and says he thinks the region will do the same. He added that the Albany, Schenectady, Troy and Saratoga regions will also do a little better come next year.

Johnson said, "If you measure it by employment growth, which is an important way to measure it, I think it is going to pick up a little. We are going to do a little better in 2013 than we did in 2012. That is going to be largely because of growth in Saratoga, I think the growth will make up for modest losses in Albany, Schenectady and Rensselaer."

Johnson's been giving his economic forecast in the region for 24 years now.

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