GA Economic Forecast Expected

Georgia forecasters Tuesday are offering the latest snapshot of the state's slumping economy.

By: Associated Press | WSAV News 3
Published: December 15, 2009

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ATLANTA (AP) - Georgia forecasters are offering the latest
snapshot of the state's slumping economy.
Robert T. Sumichrast - who heads the University of Georgia's
business school - will deliver the state's economic forecast at a
luncheon Tuesday. He'll be joined by David Wyss, chief economist
for Standard & Poor's in New York, who will offer a national
picture.
A year ago, Sumichrast predicted Georgia's economy would rev up
by the third quarter of 2009, with unemployment peaking at 9
percent in early 2010.
But data released by state labor officials last month showed
Georgia's unemployment rate for October stood at 10.2 percent.
Meanwhile the state shed 139,015 jobs from the year before
period.