A recent study by Delta Associates already declared that the Washington D.C. area’s recession ended in early 2009. That’s when we hit our bottom, and after, we started our slow ascent, adding 40,400 new jobs since late January.
Now, the Greater Washington Board of Trade is reporting that 59 percent of regional business executives believe the D.C. area’s economic conditions will improve over the next six months, while six percent expect conditions to decline and 35 percent expect everything to remain the same. On the job front, only 12 percent of executives believe they will cut jobs, while 32 percent expect jobs to increase and 35 percent say they’ll remain the same. And 55 percent of executives believe sales and revenues will improve in 2010 while 12 percent believe they’ll decrease.
Image by star5112, Flickr Creative Commons Attribution License