Pembroke Consulting's Adam Fein, speaking at the MDM Webcast, 2010 Economic Forecast for Wholesale Distribution, told participants that the current recovery is not likely self-sustaining, and that until employment growth returns, conditions will remain fragile.
"Many of the things that have been happening, that have been good news, have been driven in large part by government support," Fein said.
"… Historically, there is always a lag between when the recession ends and when employment growth begins again. I think we're going to see one of the longest lags we've ever had in any post-World War II recession."
A CD-ROM is available of Fein's Nov. 19 presentation. Order 2010 Economic Forecast for Wholesale Distribution here.