Bankers foresee no quick turnaround in N.J.

February 9, 2016

Bankers in New Jersey are fairly optimistic about the current state of the economy, but most have far more faith in the nation’s economy than they do in conditions throughout their home state.

The latest annual survey from the New Jersey Bankers Association found that almost 99 percent of those who responded would rate the U.S. economy as at least fair, with about 39 percent of them calling the national economy good.

The survey, conducted for the NJBA by researchers from Rutgers University, also reveals that 80 percent of the respondents expect a strengthening U.S. economy to stay largely the same in the short term. But just 11 percent of the bankers expect the state economy to pick up strength in the coming six months, down from almost 30 percent who were that optimistic in the bankers’ 2014 survey.

Press of Atlantic City, February 8

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