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West Michigan Economist Paul Isley says 2013 will be a year of steady growth

by
Economist Dr. Paul Isley
Economist Dr. Paul Isley

ALLENDALE (WKZO) -- The stock market is nearing an all time high. Home building is back up and the number seeking unemployment is at an recent low. Economists say the year is off to a bang and while they aren’t sure its sustainable, they are sounding more optimistic.

West Michigan Economist Paul Isley expects the region to outpace the rest of the country, but the reality is, no boom, just a nice sustainable rise.

Isley, a professor at Grand Valley State says ironically the very politicians who profess to want to create more jobs and a better economy, may be the biggest obstacle to those goals.

He says as long as they continue to bicker, creating uncertainty, banks will be reluctant to loan and businessmen reluctant to expand.

Dr. Isley says even a bad plan to handle the deficit is better than gridlock, because it relieves the uncertainty, and right now that is the economy’s biggest problem.

 

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