State economist: Revenue growth to slow

As Gov. Brian Kemp and the state legislature go to work on budgeting a record $30.2 billion, Georgia’s fiscal economist, University of Georgia professor Jeffrey Dorfman, recently gave his projections on what 2022 may have in store.  Dorfman says that while growth is expected to slow from a record-setting 2021 (boosted by direct federal COVID payments), he expects the economy to remain strong and that a recession is not likely.  He also predicted the current inflation rate – frighteningly high – to begin to slowly fall in coming months.  So a rosy outlook – if a bit slower than last year’s torrid growth – has Georgia’s economic outlook RISING…