Fairfield University economics professor issues 5-year state economic forecast, available for interviews on year-end economy wrap-up stories

October 22, 2003

Media Advisory

Job growth in Connecticut will be slow but steady next year, as the state economy begins to pick up, according to Edward Deak, Ph.D., the Roger M. Lynch Professor of economics at Fairfield University.

"The early portion of 2004 on the national level, will be very important for the direction and strength of the Connecticut economy in 2004," said Dr. Deak, noting that a variety of factors could have an impact.

"A bitter and divisive presidential election could be detrimental to the economic recovery," he said.

Dr. Deak, who is frequently sought by the media for his economic forecasts and commentary for economic stories, delivered his 5-year economic forecast for the Connecticut economy at a conference last week for the New England Economic Project. Dr. Deak recently published a book, "The Economics of e-Commerce and The Internet" (Southwestern Thomson Learning 2003).

Enclosed is a summary of Dr. Deak's forecast. Please feel free to quote from Dr. Deak's forecast with credit. Dr. Deak is also available for interviews on breaking news or year-end economic wrap-up stories.

To receive a copy of Dr. Deak's full report, please contact Dana Ambrosini, assistant director of media relations at Fairfield University, at 203-254-4000, ext. 2726. Dr. Deak can be reached at his office at 203-254-4000, ext. 2866 or at home at 203-268-6088.

Fairfield University is a comprehensive Jesuit university that prepares undergraduate, graduate and continuing education students for leadership and service in a constantly changing world. U.S. News and World Report's 2003 "America's Best Colleges" ranks Fairfield third among universities with master's programs in the North. Approximately 5,000 undergraduate and graduate students from 37 states, 43 countries, the District of Columbia and Puerto Rico are enrolled at the University's six schools. The University was founded in 1942 in the scenic shoreline community of Fairfield, Connecticut.