02.22.2010 In the News, Policy Points

Recovery Paths

Over the weekend, The Charlotte Observer reported on possible paths of economic recovery. The report contained the perspective of John Quinterno of South by North Strategies, Ltd.

Despite some hopeful signs, the Charlotte area’s economy won’t outpace unemployment anytime soon, economists warn.

Some jobs are gone forever, and those that will replace them could leave the region’s lowest-skilled and least-educated workers struggling to catch up, experts say.

“The question is, are growth levels adequate enough to get us out of the hole we’re in?It doesn’t look like it,” said John Quinterno of South by North Strategies Ltd., a Chapel Hill economic research firm.

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