CONCORD, N.H. (AP) — New England will continue to experience a slow economic recovery until well into 2013 due in part to weaknesses in the national and global economies, an economic forecaster said Thursday.
The forecast came a day before the New England Economic Partnership was scheduled to hold its fall conference in Manchester.
"Of significant concern looking forward is how the New England 'states will be affected by the European debt crisis. The European market has been an important trade partner and investor in New England, and a weak European economy will have economic implications for the region," Ross Gittell, the partnership's New England forecast manager, said in a statement. Gittell said the region is not expected to return to pre-recession employment levels until the second quarter of 2015.
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