After a robust 1998, the housing market is expected to level out. The economist also outlines two other possible scenarios. One would be for a weaker economy, the other for a stronger one. Meyer examined Asia's economic flu, which is dragging down the world economy and holding a brake on the U.S. economy. So far, Meyer said, symptoms of the Asian economic flu in the U.S. economy consists of declining demand for U.S. products and a flood of competing imports.
Western states are more vulnerable than the rest of the nation to the downturn in U.S. exports.
This is because western states exports to Asia are considerably higher than from other regions of the United States. Meyer advises northwest businesses to plan their survival strategy around U.S. employment and income figures and what's happening in the Japanese economy. The 1999 Pacific Northwest Agricultural Situation and Outlook Report consists of 11 documents.