Emory economist says consumer sentiment might not reflect the numbers

Despite a decrease in the rate of inflation, Emory economist Tom Smith says consumers still feel that prices are too high. (DorMiya Vance/WABE)

On paper, the economy is doing well by many standards — unemployment is low and inflation has gone down considerably.

The immediate rate of inflation has fallen close to 3%, and the diversity of industry in Georgia and metro-Atlanta keeps the state insulated from an economic downturn.

That’s according to Emory University Goizueta Business School economics professor Tom Smith.