The New Jersey Economy Jim Diffley Senior Director IHS Economics 14 October 2014.

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Presentation transcript:

The New Jersey Economy Jim Diffley Senior Director IHS Economics 14 October 2014

© 2014 IHS Analysis - Strengths Location Educational attainment Wealth New York City Port of NY & NJ Business Infrastructure Immigration Shore 2

© 2014 IHS Economic Growth Lags US (real gdp) 3

© 2014 IHS Job levels return to pre-recession peak 4

© 2014 IHS Analysis - Weakness Housing bubble Home equity Household spending Sand state South Jersey Judicial review and foreclosures Pharma Chemistry vs Biology Rise of the Cities New York, Washington, San Francisco Business costs Lagged business cycle recovery 5

© 2014 IHS Forecast – Personal Income 6

© 2014 IHS Questions? Please contact us! 7 Jean Dugan Financial Markets Group 2 Grand Central Tower | 140 East 45th Street | 40th Floor Phone: Jim Diffley Senior Director IHS Economics