Mississippi’s economy is outpacing the national economy, although both are growing at a relatively slow rate, an expert told lawmakers Thursday.
State economist Darrin Webb told the Joint Legislative Budget Committee that Mississippi had 1.9 percent growth in its gross domestic product in the first half of 2013 and he expects the rate to be 1.8 percent by year’s end. He said the national economy is growing 1.6 percent.
“The state has really been slow to the party when it comes to job growth, but remarkable improvement has been made in the last 12 months,” Webb said. “Employment did dip in July. This is not too surprising, given the moderation of growth that is taking place nationally.”
Refer to the 9/20/13 print edition or the e-editon of the Picayune Item for further details of this story.