Slow-growing, yes.That assessment of the Utah economy for 1989, and a few years beyond, came at the annual economic review of the Wasatch Front Economic Forum.
Thayne Robson, director of the University of Utah Bureau of Economic and Business Research, summed up the feelings of several panel members in his predictions that the Utah economy will show a 2.5 percent growth this year, will create 16,000-20,000 new jobs and unemployment will remain steady at 5 percent.
Brad T. Barber, demographic and economic analyst for the Utah Office of Planning and Budget, said Utah had its slowest growth rate since 1964 last year. He believes 1989 will see a slowing of the out-migration trend.
Larry Wardle, director of labor market information for the Utah Department of Employment Security, said there could be 20,000 non-farm jobs created in Utah in 1989. Wardle believes the unemployment rate in Utah will remain below the national average of 5.5 percent.
Douglas MacDonald, chief economist for the State Tax Commission, expects a 2.5 percent growth in durable and non-durable sales in 1989.