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Economists forecast growth for 2014

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WIILMINGTON, NC (WWAY) -- Economists from local and national levels met at the Wilmington Convention Center to discuss their economic forecasts for the new year.

UNCW Senior Economist Wood Hall said on a regional level, the area can expect to see growth. Hall said growth in 2014 will be comparable to that of 2013 and 1.5% more than 2012. Hall admitted that predicting the economic future used to be relatively easy, but since 2009 it has become increasingly more difficult.

"It's the background against which everything else takes place," Hall said. "We're talking about a measure of total economic activity and if we have a feel for what's going to happen to the total economy, we can scale it back to our individual business operations or individual endeavors."

McGladrey, a tax and consulting service, hosted todays breakfast and economic presentation.

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Economists and job security ...

Economists seem to have built in job security in their profession. Put two economists in the same room and you'll wind up with three different opinions as to how things really are. Seems like whatever they say, even if their opinions are diametrically different, no one is ever wrong. I suspect that the Oracle of Delphi back in ancient Greece was actually trained as an economist or perhaps, economists are actually trained to imitate the Oracle of Delphi.

On another note: It must have been quite a hardship for the Convention Center staff to have to get up early enough to unlock the doors and let people in the building. I wonder if they had to have re-familiarization training sessions for the procedure.

Hope they left a tip for the waitress!

Quote:
""It's the background against which everything else takes place," Hall said. "We're talking about a measure of total economic activity and if we have a feel for what's going to happen to the total economy, we can scale it back to our individual business operations or individual endeavors." (Unquote)
Now...for (The Real Meaning Here)
In layman's terms, what he said was..."Thanks for the free breakfast!"
Saffo said..."Thanks for finally using the Convention Center for ANYTHING!"