Economics
Georgia’s Economic Might on Display in Race to Control Senate
- Peach State’s economy has weathered Covid-19 better than most
- State seeing V-shaped recovery in housing and vehicles
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As Republicans and Democrats battle over who will run Georgia’s economy the best, the state itself is an example of how government intervention in the wake of the Covid-19 crisis has aided its recovery.
Georgia’s economy has rebounded, and unemployment has dropped below the national average in the wake of more than $3 trillion in fiscal stimulus and the Federal Reserve cutting rates to near zero. That’s lifted the housing industry, fueling development in metro Atlanta and the U.S. carpet capital of Dalton, as well as auto manufacturing in the state. One weak spot, that none of the country escaped, has been tourism.