Michigan remained in a recession in the last quarter of 2007, but one economist says the state's manufacturing sector is going to pull the state out of it's economic slump and make it a leader in many emerging global markets.
According to excerpts from the story:
JP Morgan Chase & Co.'s senior economist sees opportunities rising for Michigan manufacturers out of the economic pain of this decade.
A more favorable dollar and growing foreign markets bode well for the industrial Midwest in the global economy, said Jim Glassman, managing director and senior economist with JP Morgan Chase.
Midwest manufacturers will find themselves on the "leading edge" of serving emerging global markets, just as it was the first to feel the pain early this decade when the economy changed, he said.
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