A recent Goldman Sachs Research report indicates US economic growth is expected to slow from 2.9 percent to 2.5 percent in 2019 due to tighter financial conditions and a fading fiscal stimulus. The forecast also calls for rate hikes as the Fed seeks to keep the economy from overheating.
Georgia’s investments in its most important economic assets, especially its ports — may help shield the state from a slowing economy – and remain a key to its economic future. Said ports, in Savannah and Brunswick, have a massive economic impact on the state.
A study conducted by Jeffrey M. Humphreys, Director of the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business, details the impact of Georgia’s ports on the State’s economy in fiscal year 2017. The study was supported by a grant from the Georgia Ports Authority and details its impact by the numbers:
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