.....Advertisement.....
.....Advertisement.....

Slight growth seen in 2013, maybe

-A A +A
By Harold Morgon

Not much happening for a while. That’s the outlook for the New Mexico economy from the annual economic outlook conference presented last week by New Mexico State University and Wells Fargo Bank.
Eugenio Aleman, Wells Fargo senior economist, offered the national outlook, beginning with a tautology.
“We’re closer to a recovery today than we were yesterday,” he said. Aleman sees gross domestic product growth at 1.7 percent this year, about in the middle of projections from other groups.
Not so much for New Mexico.
Jim Peach, NMSU Regents Professor of Economics, estimates the state’s 2013 job growth at between zero and one percent.
That is, if the federal sequestration problem — the across the board spending cuts — gets fixed. Then number of wage jobs in the state might — just might — return to pre-recession levels by 2018. 
At the Federal Reserve Bank of Philadelphia, Peach found support for his view.
The bank tracks the business cycle in each state and also groups statistics with behavior, suggesting state economic performance six months in the future.
For New Mexico these leading indictors show no improvement in the economy and perhaps a decline. Since dropping in 2008, the state’s business cycle has flat lined.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:



Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday