Georgia's economy is projected to grow by 2.4% in 2025, slower than the 3.1% growth seen in 2024 but still outpacing the national forecast of 1.6%, according to the University of Georgia's Selig Center for Economic Growth. Dean Ben Ayers attributes this slowdown to deliberate policy shifts rather than economic shocks, expecting it to be gradual and short-lived.
In political news, the Georgia General Assembly recently held its crucial "Crossover Day," where bills must pass one chamber to remain viable. Key issues included sports betting legalization, restrictions on diversity, equity, and inclusion policies in schools, and a proposed statue of Supreme Court Justice Clarence Thomas. Governor Brian Kemp signed the Amended Budget for Fiscal Year 2025, delivering hurricane relief, tax refunds, and major one-time investments.
The state continues to grapple with the aftermath of Hurricane Helene, which caused billions in damage from Valdosta to Augusta in September 2024. Governor Kemp has emphasized the need for additional relief efforts, with the state already approving $100 million in loans to affected farmers and timber owners.
On the environmental front, Georgia experienced an unusually cold spell in January 2025, with snow and ice affecting much of the state. Climate scientists, however, caution that this event does not contradict overall warming trends. In fact, 2024 was recorded as the second warmest year in Georgia since 1895, with an average temperature 2.5 degrees Fahrenheit above the 20th-century average.
In education, the state is focusing on improving literacy rates and addressing school safety concerns. Governor Kemp proposed an additional $50 million in school safety funds following the Apalachee High School shooting. Additionally, a bill to ban cellphones in K-8 classrooms statewide is advancing through the legislature.
The business landscape in Georgia remains dynamic, with the state breaking records in attracting new jobs and industries. However, the pace of economic development is expected to slow in 2025 due to national and global economic conditions. The state's homebuilding sector is projected to increase single-family home construction by 9% in 2025.
Looking ahead, Georgia will observe Severe Weather Preparedness Week from February 3-7, 2025, emphasizing the importance of readiness for various weather-related emergencies. The state is also preparing for potential demographic shifts, with projections suggesting Georgia could add 2.5 million residents and 3.1 million jobs by 2050. This growth presents both opportunities and challenges for infrastructure, workforce development, and community services.