Economic Forecast "Meaningfully Better"

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Economic Forecast "Meaningfully Better"

Published: Saturday, January 11th, 2014 @ 2:29 am
By: Chris Downey ( More Entries )

Press Release:

    Durham, NC - Governor Pat McCrory spoke about the state's economy and its outlook at the 12th annual Economic Forecast Forum Monday.

    Triangle Business Journal: Governor Identifies What He Sees Will Bring State out of Slump
    "McCrory also says he believes our state's oldest industry - agriculture - will be what ultimately brings North Carolina out of the recession." (Dawn Kurry, "McCrory identifies 4 biggest challenges facing North Carolina in 2014," Triangle Business Journal, January 6, 2014)

    ASU Professor Harry Davis: Unemployment Rate Going to Continue to Fall
    "The economy is going to grow faster, the unemployment rate's going to continue to fall, and we're going to add 85,000 to 90,000 jobs this year, which is not a lot more than the previous two years, but it is more," said Dr. [Harry] Davis, Appalachian State economics professor.

    BB&T CEO: Meaningfully Better
    "...But it's meaningfully better now. We're expecting better loan growth in 2014. Asset quality continues to improve substantially," said [BB&T CEO Kelly] King.

    Chamber President Lew Ebert: Optimism Translates to Job Creation
    "It's actually looking a little better for everyone according to North Carolina Chamber President Lew Ebert. 'And again, that sense of optimism usually translates to job creation and investment,' said Ebert." (Andy Sorensen, TWC News, "Leaders provide optimistic outlook at Economic Forecast Forum," Januar 6, 2014)

    AT&T NC President Vanessa Harrison: Military Has Direct Impact
    "'The military directly impacts economic development of North Carolina through capital investment, employment and defense contracting. And indirectly through increased demand for goods and services,' she [Vanessa Harrison, president of co-sponsor AT&T North Carolina] said. 'The troops, themselves, continue to impact the economy, even after they leave the services through small business or as valued employees.'" (Michael Futch, "Economic forum looks at impact of military on N.C. economy," Fayetteville Observer, January 6, 2014)

    Contact: Crystal Feldman
        govpress@nc.gov

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