Preparing New Jersey for the Next Economic Downturn: Insights from the Great Recession

Just as New Jersey was not prepared to weather the Great Recession,
the state is once again vulnerable to a future economic downturn, according to a new report released today by New Jersey Policy Perspective (NJPP).
Authored by a practicum of graduate students from the Rutgers
University Bloustein School of Planning and Public Policy, the report
compares New Jersey’s preparation for and response to the Great
Recession with that of five other states: Connecticut, Illinois,
Maryland, Massachusetts, and North Carolina.

“Knowing how comparable states reacted during the Great Recession, and how those decisions have affected their overall economic recovery, is critical to understanding what options are available to New Jersey during the next economic downturn,” said Sheila Reynertson, Senior Policy Analyst at NJPP. “New Jersey had one of the slowest economic recoveries in the nation after the last recession. State lawmakers cannot afford to repeat those same mistakes.”

InsiderNJ.com, November 12, 2019