UGA analysts predict Georgia to weather an economic downturn in 2024

University of Georgia President Jere Morehead speaks during the Georgia Economic Outlook presented by UGA's Terry College of Business at the Georgia Aquarium on Monday, Dec. 11, 2023 in Atlanta, Ga. Avery Shenfeld is Managing Director and Chief Economist of CIBC Capital Markets. (Courtesy of UGA)

The U.S. is heading towards an economic slowdown in 2024, with Georgia’s economy heading for a “soft landing,” according to the University of Georgia’s annual Georgia Economic Outlook report, released Monday.

Forecasters estimate that Georgia’s post-pandemic economic growth will slow but continue to push along.

“Georgia is well positioned to weather an economic slowdown, and our economy will outperform the U.S. economy,” said Terry College of Business Dean Ben Ayers at the 2024 Georgia Economic Outlook series kickoff event held at Georgia Aquarium.