ATLANTA, Ga. (Atlanta News First) – Georgia’s economy is set to grow in 2025 but at a slower pace, the University of Georgia predicts in its latest economic forecast.
Atlanta’s growing job market and population will keep the economy in good shape in the new year.
Experts predict it will grow just a bit slower than 2024.
Experts said that the biggest reason for that is because of efforts to control inflation.
The inflation rate is expected to hold steady around 3% in 2025 — similar to what we see now.
As the Federal Reserve eases its constraints on things like mortgage rates, that’s expected to help our economy.
As far as housing costs, home prices are predicted to remain about the same as this year.
UGA said homebuilders could ramp up construction of single-family homes because of slightly lower mortgage rates though.
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