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Carl Steidtmann, chief economist for Deloitte Research, addresses a crowd of 115 business owners and public officials Wednesday at the Moffat County Fairgrounds Pavilion. The Craig/Moffat Economic Development Partnership hosted the event, which included a small business fair and economic update that brought Steidtmann to Craig. Steidtmann said indicators point to a continued national and global recession.

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Economist: Indicators suggest continued recession

EDP event draws renowned speaker, local small businesses

All indicators point to continued national and global recession, a leading economist said Wednesday during a presentation in Craig. Dr. Carl Steidtmann, chief economist and director of consumer business at Deloitte research in New York City, was the keynote speaker at the Economic Update and Small Business Resource Fair, an event hosted by the Craig/Moffat Economic Development Partnership at the Moffat County Fairgrounds Pavilion. In his presentation called “A Gaggle of Black Swans,” Steidtmann said the U.S. lost more than nine million jobs at the peak of the recession. Since then, only 1.9 million jobs have been restored. At the current pace, he said a full economic recovery may not occur until 2018 or later.

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