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Article: Prediction: Recession will reach its peak in December
- Article from:
- The Billings Gazette
- Article date:
- February 4, 2009
- Author:
CopyrightCopyright Billings Gazette Feb 4, 2009. Provided by ProQuest LLC. (Hide copyright information)
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Unlike the national recessions dating to 1991 that largely missed Montana, this one won't let us escape the ugly meltdown.
"We thought the national recession was going to miss Montana and this would be the third time in a row it missed," said Paul Polzin, former director of the Bureau of Business and Economic Research at the University of Montana.
Polzin told a crowd at Montana State University Billings on Tuesday that the bureau's last prediction in January 2008 misjudged some future economic developments. In January, it was assumed the national recession wouldn't hurt Montana much because the slowdown would be concentrated in industries that aren't prominent here - subprime mortgages, ...