PDF: Georgia Economic Outlook from UGA for 2010
DALTON, Ga. — The economic recovery in Georgia should be slow but sustained, a University of Georgia business expert told local leaders Tuesday.
Dr. Robert Sumichrast, dean of UGA’s Terry College of Business, spoke to about 170 people at a Dalton-Whitfield Chamber of Commerce breakfast. His comments were based on the 2010 Georgia Economic Outlook developed by the university’s Selig Center for Economic Growth.
“Our state will continue to suffer because of its heavy exposure to real estate,” said Dr. Sumichrast. “That downturn was the epicenter of this recession.”
Not only did the state have a large construction industry and “huge supply” of residential and nonresidential development going into the recession, he said, but “we’ve also got a high concentration of manufacturing industries that are closely aligned to construction.”