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.