Skip to main content
  1. News
  2. Business & Finance
  3. Industry

Warm outlook for Lehigh Valley economy in 2014

See also

Despite the cold weather outside, the Greater Lehigh Valley Chamber of Commerce received a warm forecast concerning the regional economy at the annual Economic Outlook and Community Development Awards.

Jay Bryson, a Wells Fargo managing director and economist, expects the global economy to grow, while the gross domestic product is expected to increase by 2.5% yearly for the next two years.

Bryson is also predicting that while government spending will start to decline, business capital expenditures will increase, offsetting this. Also, even though consumers are looking to reduce their personal debt, the housing market will expand, with new construction growing by 15%.

The only limiting factor might the jobs market. Although the market is estimated to add a 190,000 jobs this year, 250,000 is the number that Wells Fargo economist thinks would be needed to boost consumer confidence.

Kamran Afshar, a local economist, from the survey of Valley companies, reported that many businesses are expecting to add workers this year. Kamran predicts that area workforces will expand dramatically in the first six months of 2014.

Nancy Dischinat, director of the Lehigh Valley Workforce Investment Board, does have some troubling news. She expects that many of the new jobs will require specialized training, leading to a mismatch between the required skills and the individuals in the Lehigh Valley that will apply for them.



  • Al Qaeda video surfaces
    A video of an Al Qaeda meeting surfaces, concealed identities are raising suspicions
    Watch Video
  • Boston Marathon
    Boston cops shut down Boylston street after finding suspicious, unattended backpacks
    Top News
  • Death penalty for hate crime?
    Actions by the anti-Semitic gunman are being condemned by the unlikeliest of groups
    Crime News
  • New York gun control
    As many as one million New Yorkers are ready to disregard the state's new gun laws
  • Korean ferry capsizes
    Hundreds of passengers are missing after a ferry sinks off the South Korean coast
    World News
  • NYPD ends surveillance on Muslims
    The NYPD will end surveillance programs against Muslims in their own communities
    Watch Video

Related Videos:

  • Stock market slips
    <iframe width="600" height="337" src="//;VQ=HD720&amp;autoplay=1"></iframe>
  • Stock Market
    <div class="video-info" data-id="518178118" data-param-name="playList" data-provider="5min" data-url=""></div>
  • calculating market potential
    <iframe width="560" height="315" src="//;autoplay=1"></iframe>

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about and apply today!