Campus News

Economic forecast

A Christian Science Monitor story about the economic effects of the drought in the Southeast quoted Jeff Humphreys, director of the Selig Center for Economic Growth. “The coincidence of having a [potential] recession plus drought is a tough one for the economy,” Humphreys said. “It’s coming on top of the housing recession and the oil price shock, making our economy more vulnerable than would otherwise be the case. I don’t think the drought alone is able to produce a recession, but it adds to negative forces that are already out there.”