Recession eases

UO’s monthly economic forecast shows slowing deterioration.

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As with last month, signals are showing that Oregon’s economy is improving – or at least that it is not deteriorating as quickly.

The UO Index of Economic Indicators rose 0.3 points to 85.1 in April. (The index uses 1997 as the base year of 100.)

Four of the seven indicators tracked by the index improved in April. However, “the positive signs that we’re seeing have more to do with a slowing in the rate of deterioration than strong signals of growth,” index author Tim Duy said.

Once the economy reaches bottom, it probably will be a slow crawl back up, and government and business leaders should consider that in their budget planning, he said.

Read the full article in The Register-Guard.

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