Assumption Econ. Professor Predicts Growth for Worcester in 2014
Monday, February 17, 2014
Using an original combination of national and Worcester-specific economic metrics, Professor White has predicted a growth of 1.5 percent for Worcester's economy over the next three to six months. Professor White will continue to release reports on the state of the local economy, entitled Worcester Economic Indicators, each quarter. The next report will be issued in May.
To view the first Worcester Economic Index click here
“Worcester residents and city officials are interested in how their local economy is performing,” said Professor White. “When the national economy is strong, the Worcester economy tends to be strong as well, but that is not always the case. As such, the Worcester Economic Index (WEI) is providing additional, important information on the city’s economic outlook.”
Professor White's report makes use of national statistics including consumer expectations, changes in the S&P 500 Index, the interest rate spread, and the Leading Credit Index. In addition, the WEI takes into account local measures of economic health like non-farm payroll employment, household employment and the unemployment rate within Worcester.
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