Is the economy heading for another recession or bouncing back from a short downdraft?
Within a period of two years or less, a growing economy sinks rapidly into recession and bounces back.
The local economy would probably bounce back from that loss.
And there may be scars when the economy bounces back.
Later, when the economy bounces back, your position is extremely valuable.
The economy can bounce around, but so long as the rich survive, indeed increase their wealth that's all that matters.
The other big question is how soon the state's once-robust economy will bounce back.
The three reports signaled that the economy might be bouncing back from the recession.
If that were the whole story, the economy would soon bounce back of its own accord.
So naturally there's a lot of wishful thinking that the economy will bounce back soon.