The Columbus Chamber of Commerce says the region's economy is still struggling. Chamber economist Bill Lafayette predicts less growth than in 2007.
"This year our average forecast is for growth of .4 percent. So, a touch less than last year." Lafayette says nearly all sectors, save transportation and warehousing have "underperformed." Housing is weak. Manufacturing is declining and Lafayette says retail employment will drop sharply this year.
"We're expecting another 2.1 percent decline in retail this year. If we're right, retail employment later this year will be below 100,00 for the first time in 15 years." Says Lafayette.
Lafayette issued his economic predictions during a forum at the Columbus Metropolitan Club. The forecast was released on the same day a major New York Investment firm said the national economy is at risk of recession.