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Local News

Deschutes County Official Says Economic Woes Here for a While


An economic forecast shows Oregon will take a long time to dig out of the weak economy, and especially Central Oregon. Deschutes County Administrator Dave Kanner reacts to the news that the Bend area may not be back to job levels we saw before the housing bubble for at least another 10 years: "You can ask 10 different economists for their opinions. I'm not sure anybody does know what's going to happen, and I've seen various projections ranging from 2014 to 2020 in terms of when we'll get back to pre-recessionary levels. But obviously if we're looking at being in this economic morass until 2021. That would be a different story.” The report also shows that the Eugene area won't fully recover until the year 2019. And Portland’s job market is expected to be restored until mid 2014. Corvallis was expected to have the quickest comeback with job levels restored by 2013. The report was released on Monday by IHS Global Insight, an economic forecasting firm.

 

 

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