Economists say the recession ended in 2009, but it sure didn’t feel like it.
Indiana’s unemployment rate remains high and likely won’t drop for months. Credit is still scarce as banks focus on cleaning up their balance sheets. Businesses and government alike are coping with declining revenue they don’t see rebounding anytime soon.
Still, even a sluggish economy is better than one in a tailspin.
And there are signs of hope on the horizon, to be sure: The housing market appears to be on the way back up, and some opportunistic local companies are using the downturn as a springboard for growth.
Recap the highs and lows of 2009 on our special Year in Review page. Read the stories. Check out the pictures. Play the game. And get ready for 2010.