Public Colleges Could Feel Sting of Recession for a Few Years

The recession may be over, but state-financed colleges and universities will feel its ill effects for the next two or three years, an economist told a group of university administrators here Monday. Michael H. Strauss, chief economist at Commonfund, an asset-management company serving about 1,300 college and university endowments, said that increases in industrial production and corporate profits have helped the world economy begin to recover.