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.

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“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.