Georgia’s economy also will outdo the nation’s pace of recovery in the coming year, Ayers said. “We have less economic debris to pick up.”
UGA forecasters predict Georgia’s economy will expand 4.3% in 2022, nearly twice as fast as its pre-pandemic pace. They expect the U.S. economy to expand 4.0%.
Georgia’s economy this year has grown an estimated 5.8%, but still has not made up the ground lost in 2020.
While the state’s leisure, hospitality and travel-related jobs took a pandemic pounding, Georgia’s tech and white-collar jobs grew. Moreover, there was robust hiring in logistics and warehousing after consumer spending on many goods surged during the pandemic as many people stayed home.
Assuming a resurgent virus does not crimp consumer spending, hiring on hospitality and personal services should jump in the next year. Public health officials are closely monitoring the latest COVID-19 variant, omicron, which is sending cases higher again in…