The Oregon economy has declined for two months, which economists say is disconcerting, but not necessarily the sign of a double-dip recession.
Oregon’s economy has declined for the past two months, but economists aren’t calling it a double-dip recession.
The decline does indicate weak growth for Oregon’s economy.
“Compared to six months ago we’re still up, and that tends to be a more reliable indicator than any two-month drop,” said [Tim] Duy, the author of the University of Oregon’s monthly index that tracks the Oregon economy.
But the decline in the index for two consecutive months is disconcerting, he said.
“We would hope that the economy would be much stronger at this point in the recovery,” Duy said.
Read more at The Register-Guard.
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