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Recession Could Take A Decade To Recover From
Updated May 5, 2013 12:10 AM | Filed under: WBIW News
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(UNDATED) How long will it take states to recover from the recession?

I.H.S. Global Insight, the world's largest economics organization, says it will take a long time.

In fact, the groups Jim Diffley say, it is a recession that could take up to a decade to recover from.

He says Indiana had a large downturn in the manufacturing sector that actually started in 2007 and 2008. He says Indiana is now in a relatively good position going forward.

The state didn't have a huge real estate crisis, although many Hoosier homeowners have been hit hard by foreclosure.



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