Friday, November 16, 2001

Outlook mirrors '90 mood

Most Ohioans feeling bearish

By Amy Higgins
The Cincinnati Enquirer

        Ohioans are as confident in today's national economy as they were in 1990 — on the eve of the previous recession.

        According to the Ohio Poll, a survey conducted by the University of Cincinnati's Institute for Policy Research and released Thursday, only 25 percent of Ohioans now say U.S. businesses will experience good times during the next 12 months. Fifty- five percent see bad times ahead.

        “On the one hand, Ohioans' reaction in the wake of the Sept. 11 events as far as the U.S. economy goes is fairly negative,” said Eric W. Rademacher, director of Ohio Poll Public Polling at the institute. “On the other hand, though, they're not seeing the effects of the negative events on their pocketbooks.”

        Indeed, the poll also shows that 63 percent of Ohioans say now is a good time to make purchases, such as furniture or appliances. That indicator is up slightly from the 61 percent reported in July.

        Fifty-seven percent of residents expect their family finances to remain the same during the next 12 months. More Ohioans think they'll be better off (26 percent) than worse off (18 percent) next year.

        The poll of 826 Ohio adults has a margin of error of plus or minus 3.4 percentage points.


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