Atlanta Economy
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Table of Contents
Recovery of economy of Atlanta
Rajeev Dhawan, director of Georgia State University’s Economic Forecasting Center, has said in his predictions regarding Atlanta economy that it would take at least 2011 for Atlanta’s economy to revive itself. This is a major prediction as far as Atlanta economy is concerned.
Previous economic condition of Atlanta economic system
Previously Atlanta economy had been immune from various economic problems as a result of fact that it had gained a lot of revenue from Atlanta Olympics and a number of major corporate houses had relocated to this city. Delta Air Lines Inc. a major name in context of Georgia economy had been doing well.
In addition to this a lot of investments were made in convention and hotel sector and all these factors had been supporting Atlanta economy. However, now this wall has been eroded and its effects are starting to tell.
Employment of Atlanta
According to estimates of Rajeev Dhawan it is being expected that in 2009 fiscal rate of job growth in this Georgian city would be negative. He has stated that in 2009 fiscal there would be an aggregate loss of 110,500 jobs. He has also gone ahead and said that in 2010 as many as 13,000 jobs lost in 2010. However, in 2011 there would be 47,300 jobs created in Atlanta as per estimates of Rajeev Dhawan.
Atlanta credit situation
In Atlanta situation of credit card holders is in a fix. Recently a number of credit card holders have found out to their great dismay that credit card companies have been slashing their credit limits without giving any prior information. This goes to show poor condition that most business enterprises are finding themselves in, in wake of global financial recession.
Atlanta consumer shows
Recently brought out news by Tradeshow Week Annual Survey of Consumer Show Organizers has revealed that tradeshows to be held in May 2009 fiscal might be affected to a significant extent by global economic crises.
Importance of biotechnology market
Biotechnology market in Atlanta is of utmost importance to state economy as well as that of USA. It has all potential to assist with economic recovery of this state as most experts have predicted that it has a bright future.
