Chamber uncertain about 2012 economy - KCTV5

Chamber uncertain about 2012 economy

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KANSAS CITY, MO (KCTV) -

Kansas City's Chamber of Commerce said it's uncertain about what to expect for the 2012 economy.

The chamber released the annual economic forecast Wednesday with two scenarios, one based on a slow recovery and the other based on a second recession.

The soon-to-retire President of the Kansas City Federal Reserve Bank, Dr. Tom Hoenig, said the city has dug itself in a hole and is struggling to get out of it.

He recommends the city eliminate the earnings tax and move ahead on the light rail.

To view the Greater KC Chamber 2012 Economic Forecast, click on the link to the right of this story.

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