The University of Massachusetts Amherst

UMass Donahue Institute

Media Coverage

Mike Goodman comments on a possible recession in 2008

Betting on a recession: Some economists put odds at better than even

Many economists throughout the state are forecasting a recession in 2008.  In fact, the probability outweighs the possibility.  This forecast comes largely after the prediction of former Federal Reserve Chairman Alan Greenspan that more than a 50% chance of a recession exists.

Michael Goodman, director of economic and public policy research at the University of Massachusetts’ Donahue Institute, said, “last week’s report that the national economy only generated 18,000 jobs in December was a clear sign the economy is slowing.”

“The housing-market slowdown, the falling value of the dollar and global uncertainty about the war on terrorism make forecasts of a 50-percent chance of a recession sound reasonable,” he said.

Read article:

Go Back

Contracting with Us

The UMass Donahue Institute is pre-approved to offer a variety of options for streamlined, simplified contracting both within Massachusetts and at the federal level.

Learn More
GSA Logo CommBuys Logo Commonwealth of Massachusetts Logo

UMass Donahue Institute

University of Massachusetts Amherst

100 Venture Way, Suite 9

Hadley, Massachusetts 01035

(413) 545-0001

Contact us by email.

Related Links

Receive our Newsletter

Connect with Us