Bank Head Says Expect Small, Steady Economic Growth

Despite looming federal budget cuts and uncertainty overseas, a local bank head said he expects the national and local economy to gradually improve over the course of 2013. 

Mike Livingston, president of the Bank of Glen Burnie, said a number of economic indicators suggest the economy is continuing to climb out of the hole. But he cautioned that general uncertainty over federal budget cuts and the economy is still hurting consumer spending.   

"It's like when you find your car in a ditch. It doesn't really matter how you got there, just that you're coming out," he said. 

Livingston is also the chairman of the board of the Anne Arundel County Economic Development Corp. He spoke Tuesday at the monthly breakfast meeting of the West Anne Arundel County Chamber of Commerce in Gambrills. He pointed to a number of indicators suggesting that the county is experiencing slow but steady growth.

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