Sam Kahan, senior economist with the Federal
Reserve Bank of Chicago, Detroit Branch foresees growth in Michigan's non-manufacturing sectors. He spoke at the
Birmingham Bloomfield Chamber Economic Forecast lunch about Michigan's economy.
Excerpt:
He said, "25 percent to 35 percent of the (Michigan) economy is tied to
the auto industry." But that leaves 65 percent or so not dependent on
the auto industry, which is undergoing a traumatic restructuring
leading to massive layoffs. There is opportunity for growth in the
non-auto areas.
"It will be a little bit here, a little bit there ... the seeds of success are there," he said.
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