Double Dip Recession Bad News for Coral Gables Government

September 4, 2009 Leave a comment

A leading economist indicates possible U shaped rebound from recession. If this were the case property values and business in Coral Gables will suffer a period of stagnation in revenues, asset values and tax revenues for the City of Coral Gables.

Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.

Filed under Coral Gables, Miami-Dade County

Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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