Center Expert Gives Economic Forecast

Senior Economist David Littmann was the keynote speaker at the Troy Chamber of Commerce’s annual breakfast Thursday, according to the Troy Patch.

“We’ve at least bottomed out and have a chance to be on a growth path,” Littmann said in his economic forecast. “We still have an economy that’s super vulnerable to internal and external shocks, and it’s true that a national election year like 2012 traditionally witnesses literally maniacal efforts at fiscal and monetary policy stimulation.”

Littmann also warned about “unfunded long-term liabilities” and the fact that entitlement programs are “fundamentally broke.”

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