WILMINGTON, NC (WWAY) — A UNCW expert says the economy is looking better for the Cape Fear.
It’s been four years since the end of the last recession. Dr. Woody Hall says employment is only four-percent higher than what it was then. Despite that, the economics and finance professor says the local economy will grow as rapidly as the nation’s for the first time in about five years. He says there are a few reasons for that.
“We’ve seen retail sales come back, and we’ve also seen tourism come back,” Dr. Hall said. “The major downside is that there’s been very little increase in employment.”
Today’s Economic Outlook Conference at UNCW attracted interested business professionals, including a large number of realtors.