Despite the bleak outlook for the United States economy in 2008, things don’t look as bad for Greater Philadelphia, or so predicts Mark Zandi, chief economist of Moody’s Economy.com, who delivered the keynote address at our 10th Annual Economic Outlook Breakfast yesterday morning. More than 460 people attended the breakfast at the Hyatt at the Bellevue.
According to Zandi, our region has the right mix of industries. He mentioned that the health care, education and financial industries will be significant growth engines for Greater Philadelphia. And because our housing prices didn’t rise as fast as they did in some parts of the country, Zandi thinks they hopefully won’t fall as fast either.
In addition to Zandi’s keynote address, Sovereign Bank released the results of their annual economic survey and there was a panel discussion with experts from a variety of key fields.
The press was all over the event. Below are links to some of the articles. How do you think Philadelphia will fare in a nation-wide recession?
Differing economic concerns for consumers, business
Shopping as the economy’s dropping
Recession talk includes local bright spots
Economic Outlooks differ at Phila. Chamber event
To listen to Zandi’s speech click here.
You can even download the mp3 and listen to it on your iPod! (just right click on the link and then hit “save target as”) Keep your New Years fitness resolution while getting smarter!
