Forecast: Local economy will grow at national rate

Tags: , , ,

Submitted: Thu, 10/10/2013 - 8:10pm
Updated: Fri, 10/11/2013 - 12:08pm

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.


  • kzpony says:

    One of my favorite movies of all time, GRR, a great analogy!

  • Guest Reply Redux says:

    No reference to Dr. Woody Hall’s predictions…just a scenario of what could possibly happen with our leaders of today’s world:

    “Being There” (The Movie):
    An unemployed/homeless dimwitted gardener (“Chance” played by Peter Sellers) is taken in by a dying billionaire business tycoon (Benjamin Rand) who’s unaware of this man’s background, and misunderstands “all” this man (Chance Gardener) has to say about life in general. By interpreting simple laid out thoughts and words from Chance, assumed to be well thought out solutions of a troubled economy in the United States, as seen by Benjamin Rand, the story escalates into a “now” ghost advisor (Chance) to not only Mr. Rand, but the President of the United States. An ignoramus dumbskee predicting our country’s economy, and the leaders are listening with welcoming arms.

    In this clip here, the President is asking Chance how our economy will play out in the upcoming year. Chance has no idea what the President is referring to (NONE), so answers him the best way he knows how…how to tend to a real flower garden in the seasons of the year…every year.
    Case in point: The leaders say what will happen “just because” they think their predictions are sound…accurate…and unfolding the way as they see it…as long as it sounds good (without question)…”All will be well in the garden”.
    You should really see this movie and compare our leaders decisions, and you will see the similarities of what the public thinks is going on at Capitol Hill. (Filmed the Biltmore Mansion in Asheville,NC)
    How did Chance wind up amongst these Aristocrats? Watch the film :-)
    Now…for the clip:

  • taxpayer says:

    is about as accurate as the National Hurricane Center with their annual storm predictions.

Leave a Reply