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Oregon: a tale of two economies

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Friday, February 01, 2008

STATEWIDE When it comes to the state of the Oregon economy, whether you’re an optimist or a pessimist may not depend as much upon your personal disposition as which newspaper you read.

A report released last month by Tim Duy, economist and author of the University of Oregon’s Index of Economic Indicators, led the Oregonian and the Register-Guard to different conclusions. The O focused on the 0.2 % rise of the index in November, “pulling out of a decline that had prompted a recession warning [in December].” The RG took the report to mean “Oregon is closer to slipping into recession than it has been in more than five years.”

So when it comes to Oregon’s economy, is the glass half-empty or half-full? Asked to set the record straight, Duy balks. “I’m not going to say that either one is right or wrong,” he says. “It’s a difficult call to make right now. It’s anybody’s guess.”

And the debate continues.   

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