Wednesday, June 12, 2013

My OKC Biz Article: Dark Clouds Still Loom

In case you missed it, here is my latest OKC Biz article on the state of the Oklahoma economy.
"As Oklahoma City thaws out from a spring ice storm, the latest economic data doesn’t indicate that the state economy is thawing yet."
It is important to note that this was written before the latest state revenue report was released which gave me a little more optimism. But I have to admit that our economy still faces some of the same obstacles as I mentioned in this column. In fact, I'd still say this closing paragraph remains true.
"However, the latest economic data continues to show that our economy is not quite as strong as many state officials have lead us to believe. When one figures in the effects of looming federal government spending cuts (which will further dampen the economy) along with continued weakness for some major players in Oklahoma’s energy industry, we could still be months away from the time when Oklahoma’s economy is ready to soar once more."
I'd say though that today we are just a little closer (I think) to seeing the growth start once more.

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