UGA Brings 2014 Economic Outlook to Albany
Friday, February 14th, 2014
Boosted by rising home prices, smart economic policies and new jobs, Georgia’s economy should grow more than the national average next year.
That was the message delivered by the University of Georgia’s Terry College of Business Selig Center for Economic Growth Director Jeff Humphreys during Thursday’s Annual Economic Outlook Series at the Hilton Garden Inn.
“Economic development growth, continued recovery in the housing market and more favorable demographics, will fuel this recovery,” Humphreys said. “The fastest job growth will occur in construction followed by professional and business services, and mining and logging.”
According to the Selig Center, Georgia’s inflation-adjusted GDP will grow at 3 percent this year, with an influx of 1.8 percent more jobs. In contrast the nation’s GDP will see a 2.3 percent growth rate overall with 1.5 percent increase in jobs.
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