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Georgia economic outlook: partly cloudy, better than nation

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“Georgia will outperform the nation but will not dodge the slowdown” in 2007, according to George Benson, dean of the University of Georgia’s Terry College of Business, in an appearance at the Middle Georgia Economic Outlook luncheon in Macon. Benson joined midstate business leaders in predicting solid but slowed economic performance for the state.

The projections: Georgia’s inflation-adjusted gross state product should increase 3.3 percent this year. That’s 1 percent lower than last year, but it’s also 1 percent better than the nation.

Job growth is estimated to run at 1.5 percent, continuing a downward trend from 2.5 percent in 2005 and 2 percent in 2006. That rate still would place Georgia among the top 10 states for job growth this year.  

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