Re­port an­tic­i­pates lack­lus­ter eco­nomic growth in Vir­ginia

The Washington Times Daily - - METRO -

While Vir­ginia’s econ­omy has im­proved since the end of the Great Re­ces­sion, it hasn’t kept pace with growth na­tion­ally and ap­pears to be de­cel­er­at­ing, ac­cord­ing to a re­port from Old Do­min­ion Univer­sity re­leased Fri­day.

The 2016 State of the Com­mon­wealth Re­port by ODU’s Cen­ter for Eco­nomic Anal­y­sis and Pol­icy mea­sured un­em­ploy­ment rates, wages, la­bor mar­ket con­di­tions, and the growth or de­cline of cer­tain in­dus­tries both across the state and in spe­cific metro ar­eas.

For 2016, the re­port’s au­thors pre­dict Vir­ginia’s GDP will grow, but at a rate of less than 2 per­cent.

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