Stanly News & Press: Where’s the Economy Headed in 2018?
NC State University economist Mike Walden shares his forecast for the coming year. With the US economy expanding, North Carolina’s economy is similarly poised for growth. The strongest sectors will be technology, professional and business services, and leisure and food services. Walden expects the state will add 70,000 net new jobs in 2018. The Asheville, Durham and Raleigh metro areas could end the year with unemployment rates as low as 3%. But anticipated increases in inflation and interest rates temper the picture, he says, and it remains to been seen just how last year’s tax reform plan will impact business behavior.