US | City Economic Forecast: Atlanta
Atlanta has recovered 52% of its lost jobs from the pandemic as of Q1, which was in line with the US recovery rate of 52%. Atlanta is expected to see job growth of 2.6% in 2021 and 3.2% in 2022, while GDP is expected to grow 7.3% in 2021 and 3.3% in 2022. With a diverse economy that had seen sizable growth across a number of sectors including education, Atlanta is expected to recover its lost jobs in Q3 2022. Longer term, Atlanta is expected to see net 2019-2025 job growth of 3.2% which ranks 23rd of the top 51 metros. Its net GDP growth rate of 13.1% ranks 15th.
What you will learn:
- Although Atlanta’s economy has thrived on a diversity of headquarter firms including Coca Cola, CNN, and Delta—in industries that shed jobs in 2020—its burgeoning tech sector fared better as internet hosting firms added 1,400 jobs (+10%).
- The busiest airport in the country, Hartsfield–Jackson Atlanta International, serves the broad region. Air transportation jobs, however, fell by 6,900 (-23%) in 2020.
- With three large universities drawing many young people to the region, Atlanta was expected to grow at a healthy rate, but it struggles with wide income disparity and high living costs in many fast-growing suburban areas.
Tags:
Related Services
Post
Why the real yield on private wealth will keep falling globally
Despite the importance of returns on private wealth for long-term investors – be they households, asset managers, or pension funds – the fact that real yields have been on a downward trend across the world for decades seems to have escaped attention.
Find Out More
Post
Growth outlook determines the fate of fiscal consolidation in APAC
We expect fiscal consolidation to generally continue in Asia, except in mainland China and Taiwan. In those economies, we anticipate looser fiscal policy this year and very slow normalisation next year.
Find Out More