Fourth Quarter, Volume 10, Number 4

An economy besieged on a number of fronts in 2008 staggers into 2009 with rising unemployment, falling house prices, and strained financial markets. A recessionary environment poses formidable challenges for U.S. consumers in the coming year.

Many components of the Southeastern economy went south in 2008: Food and energy prices rose, the once-hot real estate market stumbled, and employment fell. A region whose economy had enjoyed years of robust growth finds itself mired in recession, and things could get worse in 2009 before they get better.
Profiles:
Agriculture | Banking | Consumer Spending | Employment | Energy | Manufacturing | Real Estate | Tourism | Trade

The long global economic expansion hit the wall in 2008 as financial markets worldwide slumped and many advanced and developing economies experienced slower growth or recession. Few expect a recovery to be swift, and 2009 could see slow growth persist.
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