Global Trade Will Provide Georgia’s Best Growth Potential
This article was written for and published by the Georgia Public Policy Foundation.
Global trade has begun a steady recovery from worldwide recession that could last for several years, far outpacing anticipated U.S. annual GDP growth and providing an opportunity for Georgia to capitalize on the import – export economy. “We’re in recovery,” says Paul Bingham, director of IHS-Global Insight, a global analytics firm that tracks worldwide economic trends.
Bingham addressed more than 800 guests at the 2010 Georgia Logistics Summit on Thursday (April 29) at the Cobb Galleria north of Atlanta. IHS-Global Insight predicts U.S. economy 3.0% real GDP growth this year and through 2012. Global trade is predicted to rebound 11.9% this year, and more than 7% each of the next two years. Trade with Asia leads the recovery and should for the next several years. Read more »
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