Governor Sonny Perdue was decidedly optimistic about the economic health of the state, as he addressed business leaders at the 25th annual Economic Forecast Luncheon in Atlanta today. And, although UGA economists predict a rocky start to the new year, the state's chief executive officer says he's bullish on Georgia's economy.
However, Perdue was careful to balance his optimism with a bit of caution.
"We cannot stick our heads in the sands and assume that the housing troubles may not affect Georgia. We'll always have challenges in the airline industry. But our economy is dynamic, it will follow and lead the national economy in many ways."Experts at UGA's Terry College of Business say despite this year's record breaking - and costly -- drought, the state's economy will continue to outpace the national average. Just not by as much as in previous years. A spokesperson for UGA's business school, says the state can expect an economic growth rate of 1.1 percent in 2008 versus a 1.3 percent growth rate for 2007.
