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The Sound of Ideas

Signs of Recovery

Posted Monday, August 24, 2009

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There are signs the deepest recession since the Great Depression is slowing though not ending. The Federal Reserve says the downturn is "leveling out." Locally, the GM plant in Lordstown is bringing back 70 percent of its laid-off workers. The Cleveland steel mill Arcelor Mittal is also re-hiring hundreds of previously laid-off employees. But as one economist puts it, "until consumers start spending and banks start lending, we will still have sluggish growth." And figures released last week show that consumer spending, after edging upward, once again went in reverse. So, where does the economy stand and are the positive signs in the region likely to strengthen anytime soon? Some answers Monday at 9:00 a.m.


Economy, Regional Economy/Business - Analysis and Trends


Robert Schoenberger, Reporter, The Plain Dealer
Susan Helper, Associate Professor of Economics, Case Western Reserve University
Ned Hill, Dean & Professor, Maxine Goodman Levin College of Urban Affairs

Additional Information

In Cleveland stop, Geithner says he sees signs of recovery
GM to restart second shift at Lordstown
ArcelorMittal to restart a substantial part of its Cleveland steel operations

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