Georgia economy still riding expansion wave into 201912/06/2018 | UGA Today
UGA forecast predicts job growth in all of Georgia’s metro areas and rising home construction
Georgia’s economic growth will outpace the nation’s for the sixth straight year, according to the latest forecast from the University of Georgia Terry College of Business.
Although personal income growth and existing home prices will rise, total economic growth will be less robust than in 2018, said Terry College Dean Benjamin C. Ayers at UGA’s 36th annual Georgia Economic Outlook in Atlanta.
“We predict job growth in all of Georgia’s 14 metropolitan areas and in all of the state’s major industries,” Ayers said. “Georgia will benefit from several reliable sources of growth—including an impressive economic development team, favorable demographic trends, more homebuilding and real estate development, higher defense spending, continuing fiscal stimulus from recent tax cuts and faster productivity growth.”
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