Economist has no good news to share

TUMON, Guam — Joseph P. Bradley, senior vice president and chief economist at the Bank of Guam, had little positive analysis for attendees of the bank’s Nov. 7 4th Quarter Economic Outlook Forum at the Dusit Thani Guam Resort. “Our economy is facing recession again,” he told the audience.

Bradley began his presentation with an overview of factors affecting regional and international economies and the U.S. and European financial situations. 

Speaking of the cooling down of the Chinese economy, he said the devaluation of the Reminbi would positively affect the Northern Mariana Islands and Palau. 

He also . . .

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