Tuesday, June 9, 2009.

Connecticut Recession Will Not Bottom Out Until Late 2009

HARTFORD, Conn. – University of Connecticut economists predicted Monday the state’s recession would likely bottom out sometime in the fourth quarter of this year or first quarter of 2010.

Depending on how bad the economy gets, they predicted, the state could ultimately lose between 78,000 to 110,000 jobs during the downturn.

It could take years to recoup those job losses, warned Steven P. Lanza, executive editor of The Connecticut Economy, a quarterly UConn journal. University economists unveiled the journal’s summer issue Monday at a briefing on its findings. Read More here

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