After months of being in a downturn, it appears there may finally be some good news about the economy. One local analyst says the end of the recession could be in sight.
Dr. Jack Tucci, dean of MSU Meridian and the former head of the business division, said if the economy continues in the direction it's going, he projects that by this time next year, tax revenues will be up.
"I think we're about 80% through this," Tucci said. "All of the economic indicators are that we've hit the bottom of the economy as far as the downturn and we're not going to get a bounce back up immediately like we've had in previous recessionary periods. What we're going to see is where we've hit the bottom, we'll probably see a 2% to 3% growth. We probably won't see it until the middle of next year."
Tucci said a slow recovery has an advantage in that it's likely to be more sustainable.