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Economists forecast growth for 2014


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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