Georgia Fed Chief cautiously optimistic about economy

  • 2012-02-27
The United States economy may be strong enough to walk, but not quite ready to run according to the analysis Atlanta Fed president, Dennis Lockhart. Economic growth is expected to make inroads in lowering the unemployment rate, but the nation’s economy is still vulnerable to extraneous factors like a deteriorating financial situation and Europe or a decrease in oil production resulting in price increases.

Mr Lockhart believes that the economy will expand by 2.5 percent or 3 percent assuming



“there are no surprises.”




Despite these optimistic figures, his overall outlook for the economy is conservative,



“… following severe financial crises, it takes a number of years for an economy to return to full health. This view seems to be proving out.”




Due to aggressive interest rate cuts and the purchasing of tens of billions of dollars in bonds, the national jobless rate has fallen from a high of 10.1 percent in 2008, to 8.5 percent. These statistics give job seekers, investors and companies in market segments severely affected by the recession, like the paper, Print and textile industries for example reasons to rejoice.

When the economy does inevitably improve, the printing services of metro Atlanta shops, like those in Peachtree City, will be in high demand as companies seek to advertise and market products. Newly established businesses will also frequent such establishments for Signs and business card printing. The current business climate is currently cloudy, but sunny days may be on the way.
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