The recession is coming! The recession is coming!
The chicken little's of the media are squaking at every opportunity that have. However, Alabama may be one of the states that make it appear as though they are crying wolf. (We do recogonize that other states will experience one, we just might be an exception!)
According to a couple of article published over the past week, Alabama looks like it may be standing firm. These articles are UA Report: No Recession for Alabama in 2008 and Experts: Alabama's Economy to Fare Better Than Many States.
In the articles we learn that the University of Alabama's Center for Business and Economic Research, has given the state an economic forecast of "moderate growth - but no recession."
Some of the stats they indicated were, the creation of 21,000 new jobs in Alabama for 2008 and another 23,000 new jobs to be created for 2009.
The AP noted that, "Gov. Bob Riley sees positives in the forecast. He says while the economy is slowing down, it is still growing. And that means more new jobs."
As said before, Alabama is not only a good place to live, but a good place to do business as well.