Perry: Economy Improving, But Volatile

Jim Beach with HDT is reporting

The economy is in a “particularly volatile state,” with some saying it is going up while others think it is going down, according to Noel Perry, founder of Transport Economics.

Speaking at the ALK Transportation Technology Summit held in Princeton, N.J., this week, Perry said he agrees with both sentiments. The recovery period from the most recent recession is taking longer than what has historically been the case, Perry added, noting that since the 1990s, we have been in a long cycle economy and that we could still be in recovery for three or four years.

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