When it comes to Georgia’s economy experts are seeing a mixed bag for 2011. The pace of the recovery has a lot to do with where you live.
Every year experts from UGA’s Terry College of Business visit several Georgia cities and provide an economic outlook for the coming year. This week they were in Macon.
Dean of the Terry College of Business Rob Sumichrast says manufacturers of durable goods like automobiles will see increases while construction will continue to decline. He says recovery in rural parts of the state will lag behind major cities.
“Actually if you look across the country there are a lot of states where you’ve seen similar patterns where certain cities, certain parts of the state are growing relatively quickly and other parts are not seeing, especially job growth.”
Despite that Sumichrast says the odds of finding a job will improve this year. He expects Georgia to outperform the rest of the U.S. by 2012 when the real estate bubble fades.