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2007 Economic Outlook

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Chicago-area business leaders are keeping a close eye on the economy this new year. So far there is a better than expected job reports and encouraging signs from the manufacturing sector. This is leading many economists to predict that 2007 will see another year of solid, if slower, economic growth.
But a major slump in the housing market, disappointing holiday sales, and continued worries over inflation and interest rates have others concerned about the year ahead.
Will 2007 mark the sixth consecutive year of economic expansion? Or could a recession be looming on the horizon?

We take a look at the current and future economic climate locally and nationally this morning with two of the country's most respected economists—Paul Kasriel, the Vice President and Director of Economic Research for Northern Trust, and Diane Swonk, Chief Economist of Mesirow Financial.

Music Button: Boards of Canada, “Push Button Objects,” from the CD An Eagle In Your Mind (Warp Records)

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