An economic forecast predicts that Macon will have a slow recovery from the COVID-19 recession

This economic forecast comes from the University of Georgia Terry School of Business. According to this economic forecast,  Macon will have a slower recovery from the COVID-19 recession than the other parts of Georgia. Macon lost fewer jobs during the pandemic than the rate seen statewide. 

Jeff Humphreys, director of UGA’s Selig Center for Economic Growth, said:

“The nation’s and the state’s job markets took harder hits than Macon’s job market. But the initial three-month rebound in jobs was weaker in Macon than for the state. Specifically, the Macon area recovered only 28% of its job losses. That’s roughly half the rebound posted by the state.”

He also added that the healthcare, hospitality, and construction will all add jobs. But, losses in retailing, financial services, information, and the government will offset the gains. Take a look at the economic forecast here.

Terry College of Business Dean Benjamin C. Ayers expects Georgia to recover more quickly in the coming year than the US economy. He attributes this to a 4 percent growth rate compared to the nationwide projection of 3.5 percent growth in gross domestic product.

Must Read