Wednesday, January 15, 2014
Forecast: Solid economic growth across all sectors in NC in 2014
According Belk College of Business Prof. John Connaugton at his quarterly Babson Capital/UNC Charlotte economic forecats NC economy will grow in all sectors in '14. This year will FEEL like a recovery and will BE a recovery. Growth is expected to reach 3-3.5% overall. The 2% increase in employment in 2013 has had a major impact (though unemployment is still above national average. The housing market is strong and will get better. Inflation will remain minimal. Fundamental cause of deficit and low employment is baby boomer retirement (Obamacare not a factor); econ is pretty strong --54 months of growth.