Money Works: Is the economy really rebounding? - Fox 2 News Headlines

Is the economy really rebounding? Bank's Chief Economist weighs in

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(WJBK) -

It seems like wherever you go people are saying how are things? Is the economy really coming back and getting better?

The Chief Economist at Comerica Bank is in town on his way to speak to the Michigan Economic Developers Conference in Mackinac Island and he sat down with FOX 2 Money Man Murray Feldman to discuss the latest trends.

Senior Vice President Dr. Robert Dye is also out with a brand new report on the economy and had some insightful things to say about Michigan and the future.

Dye says while things are improving it continues to be a challenging time to do business in the state.

Dye says auto sales have improved from the levels we saw during the recession but he is concerned that things have leveled off and will likely not change much for the next six months to a year.  Dye also sees moderate employment growth for Michigan as a whole and for the Detroit Metro area.

But he cautioned he only sees a weak to moderate amount of growth ahead for at least the next six months to a year. Dye says Michigan's financial future also depends on what Congress does in the near future and heading into 2013.

Click on the video player to hear what else Dye had to say about the economy, auto sales and the city of Detroit's financial outlook.

Click here to read more of Dr. Dye's economic reports for Metro Detroit



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