Still in the doldrums, but economic growth ahead, report says

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A new report out of Boston says Vermont’s economic growth is slowing this year, but will rebound in coming years. The New England Economic Partnership says the nation’s housing slump and credit crunch have left economists gloomier than they were six months ago.

The group, which is made up of economists from the six New England states, says that in Vermont, jobs are expected to grow at a rate of 0.5 percent to 1 percent per year through 2011.

Manufacturing employment, meanwhile, is expected to slightly increase for the next two years but that gain will be offset by declining construction employment over the same period.

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