Business

Economic growth expected as consumer confidence returns

John C. Dugan, the former head of the the U.S. Office of the Comptroller, told Coast businessmen today that he is cautiously optimistic that the U.S. economy will continue to grow slowly.

Dugan was the keynote speaker at the 44th Hancock Bank Gulf Coast Economic Symposium - "Insights for Success."

The former comptroller chief was in office from 2005 to 2010 and witnessed the biggest events in the economic crisis during his time as the U.S. Comptroller of the Currency.

"Corporations have never been more flush with cash," said Dugan. "They are clearly in a position to expand when they believe conditions are right to do so."

But that optimism comes with caveats. There are six areas of uncertainly that could affect growth.

Read more about the symposium in Thursday's Sun Herald.

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