Even though the state is still climbing out of the recession of 2008, it looks like it’s going to be a good year for the economy. That was the message given to a room full of business leaders at the Middle Georgia Economic Outlook event in Warner Robins on Thursday. Mercer University economist Roger Tutterow predicted Georgia’s economic growth will outpace the nation's in 2014. Tutterow says while Macon and Warner Robbins have not experienced a lot of payroll growth, the economy of Middle Georgia remains fundamentally healthy.
The labor and housing markets should continue their steady rise in the coming year. That's the economic forecast for a three-county Savannah region. Armstrong Atlantic State University economist Michael Toma is scheduled to give are business leaders their economic outlook later in January.
Georgia’s economy will continue to recover from the Great Recession and will see modest growth next year. That’s according to a forecast released Wednesday from the University of Georgia’s Terry College of Business. But low government spending and fewer new businesses will still depress the economy.
An expert says the global slowdown is tempering the growth of Georgia’s economy. In his new prediction, the director of Georgia State University’s Economic Forecasting Center says business won’t step up hiring until 2014.
An Armstrong Atlantic State University economics professor says he thinks next year will be the first since the 2007 recession in which construction employment inches up in the Savannah area. Michael Toma says local companies poised for growth include business and professional services like marketing and web design.
Kennesaw State University’s monthly index on Georgia manufacturing activity fell slightly in March after two blockbuster months of growth. Intuit Payroll’s latest index shows another month of slight increases in the state’s small business employment. And unemployment keeps inching down. Economists say it all indicates a recovery. Just a slow one.
A University of Georgia economic forecast said Georgia is likely to start regaining jobs next year, but not enough to reduce its unemployment rate. Meanwhile, the chances of a recession next year are 45 percent.