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Showing posts with label Mark Thompson. Show all posts
Showing posts with label Mark Thompson. Show all posts

Thursday, March 6, 2008

Augusta in recession?

A new report from an economic analyst group says Georgia is at risk for going into a recession.

But analysts say the state’s second largest city is already there.

The report from Moody’s Economy.com says Augusta is in a recession.

Analysts have used statistics on employment, income, industrial production and retail sales to support their findings.

But not everyone in Augusta agrees.

Mark Thompson is an economist at Augusta State University.

He says Augusta has experienced an economic slowdown, but not a recession.

"We’re still seeing solid employment growth. Real wages actually picked up a little bit. The unemployment rate has fluctuated around five or five and a half percent," says Thompson.

The report says Rome and Dalton are also in a recession.

The Moody’s report, meanwhile, says Atlanta, Athens and Savannah are among seven metro areas in Georgia showing expansion.

GPB News Team: