West Coast Bank president in town
Robert Sznewajs, the president and CEO of West Coast Bank was in Centralia on Tuesday to meet with a dozen or so of his branch managers. He had time to talk with the Centralia Rotary Club about the current economic conditions.
Sznewajs gave a litnay of statistics to show that we are in the longest economic slowdown since 1933. He said a whole decade of growth has been wiped away.
And, while some economists say the recession is over, Sznewajs said that some areas, such as unemployment and foreclosures, were still a problem. “Technically, the recession is over, but it’s not going to feel that way,” he said.
Sznewajs said that the future was uncertain and we have more questions than answers about the economy. What he told his branch managers was not revealed.