A Long Spell of Uncertainty

Authors

John Austin, University of Nebraska-Lincoln
Chris Decker, University of Nebraska at OmahaFollow
Tom Doering, Nebraska Department of Economic Development
Ernie Goss, Creighton University
Bruce Johnson, University of Nebraska-Lincoln
Lisa Johnson, Lincoln Partnership for Economic Development
Ken Lemke, Nebraska Public Power District
Franz Schwarz, Nebraska Department of Revenue
Scott Strain, Greater Omaha Chamber of Commerce
Eric Thompson, University of Nebraska-Lincoln
Keith Turner, University of Nebraska at Omaha

Document Type

Article

Publication Date

6-2008

Publication Title

Business in Nebraska

Volume

63

Issue

691

Abstract

We find ourselves in a period of sustained economic uncertainty. Today, like 6 months ago, the U.S. economy is on the brink of a recession. Weakness in lending activity, coupled with weakness in the housing sector and related manufacturing industries has stymied economic growth since late 2007. At times, recession seems imminent. But, the official measures, such as quarterly gross domestic product, do not clearly signal that the economy is contracting. Further, prices are rising rapidly for food and energy. That is the uncertainty. Will 2008 be remembered as a recession year, or as a period of disappointing but slow growth? And, will 2008 be known as the year when inflation reignited in America. In

Recommended Citation

Austin, John; Decker, Chris; Doering, Tom; Goss, Ernie; Johnson, Bruce; Johnson, Lisa; Lemke, Ken; Schwarz, Franz; Strain, Scott; Thompson, Eric; and Turner, Keith, "A Long Spell of Uncertainty" (2008). Economics Faculty Publications. 4.
https://digitalcommons.unomaha.edu/econrealestatefacpub/4