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Article: New Yorkers gloomy about economy, Fleet finds. (Fleet/Norstar Financial Group Inc.) (Brief Article)
- Article from:
- American Banker
- Article date:
- October 4, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A bank-sponsored survey shows that most New Yorkers expect the recession to continue for at least a year.
Just under 90% of 800 state residents who responded to a poll sponsored by Fleet/Norstar Financial Group believe the state is in the midst of a recession. A pessimistic 60% expect the economy to remain weak at least through fall of 1992.
58% Personally Affected
The economic downturn in New York has personally affected 58% of the respondents in the Fleet/Norstar study. About 75% said they have reduced personal spending in the past few months.
Asked the cause of the recession, 30% of the New ...