BusinessBrief.com » The race to recovery: Who’s winning, who’s lagging

The race to recovery: Who’s winning, who’s lagging

November 25, 2009 by Jennifer Azara
Posted in: economy


Many are pinning their hopes on the thought that 2010 is the year the economy is going to turn around. But who’ll experience the uptick first?

Some industries are expected to lead the pack – and others will lag a bit behind.

When you can expect you business to pick up depends on which industry you (and your key customers and suppliers) are in.

Here’s who’s expected to come out of the recession and when.

Who’ll see better days first

Signs of a turnaround are already showing for the tech sector. After all, the Nasdaq is up 26.8% for the year.

Demand for smartphones and other mobile technologies is helping the companies that make them and those that sell equipment to support ’em.

Is it a bubble? Time will tell. But if other markets follow tech’s lead, we’ll be in good shape.

Who still has a ways to go

Don’t hold your breath waiting for the recovery of  the financial services and banking industries.

While they think 2010 will bring improvement, they also acknowledge it will be slower going than in other areas.

How you know things will start turning around for this group:

  • when the real estate market stabilizes
  • as jobs increase, and
  • as consumer confidence improves.
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