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Noted area economist offers solid forecast for 2013

Johnson expects growth, more new jobs for Capital Region

Nationally known economist Hugh Johnson, chairman and chief investment officer forHugh Johnson Advisors LLC shares his forecasts for the economy, interest rates and the domestic equity markets at the annual Albany-Colonie Regional Chamber of Commerce breakfast event at the Albany Marriott on Thursday morning.
Photographer: Marc Schultz
Nationally known economist Hugh Johnson, chairman and chief investment officer forHugh Johnson Advisors LLC shares his forecasts for the economy, interest rates and the domestic equity markets at the annual Albany-Colonie Regional Chamber of Commerce breakfast event at the Albany Marriott on Thursday morning.
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Worry over what Washington will do about the so-called fiscal cliff, and not underlying economic indicators, is helping weigh down financial markets, Albany economist Hugh Johnson told a gathering Thursday morning. Indicators that ordinarily signal an ongoing recovery continue to be solid, Johnson said, despite a decline in the stock market since Sept. 14. “I’m very strongly inclined to dismiss the performance of the financial markets since Sept. 14 and to conclude that indeed the ...

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