While many economists continue to be less-than-optimistic about the chance of an economic turnaround anytime soon, Wisconsin School of Business Dean Mike Knetter suggests the latest disaster relief efforts could be a boon to the economy.
In an interview with BizTimes, Dean Knetter suggests that the government and private sector response to the oil spill could actually be a short-term economic stimulus. "It may be something at the margin that requires more government spending and activity in that sense. Certain natural disasters make GDP numbers look good. It’s an unmitigated disaster for the country, but I don’t know if that makes the near term economy worse.”
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