Georgia's economy is projected to grow by 2.4% in 2025, slower than the 3.1% seen in 2024 but still outpacing national growth, according to forecasters at the University of Georgia's Selig Center for Economic Growth. The state's unemployment rate is expected to rise slightly to 4%, while job growth is anticipated at 1%, higher than the national rate of 0.6%. Healthcare and housing are poised to lead economic growth, with homebuilders expected to increase single-family home construction by 9%.
In political news, the Georgia General Assembly is in session, with several noteworthy bills under consideration. A measure to ban THC-infused drinks is threatening the state's burgeoning alcohol alternative industry. Lawmakers are also debating stricter penalties for fentanyl possession and trafficking, and considering changes to the state's litigation rules, a priority for Governor Brian Kemp.
The Supreme Court of Georgia is undergoing leadership changes, with Chief Justice Michael P. Boggs announcing his resignation effective March 31, 2025. Presiding Justice Nels S.D. Peterson has been unanimously elected by his colleagues to become the next Chief Justice.
On the environmental front, Georgia is bracing for potential severe weather. The National Weather Service has issued a winter storm warning for parts of the state, with freezing rain and snow expected in some areas. This comes as climate experts predict a warmer-than-average February for the southern and eastern parts of the nation.
In business news, Georgia's ports continue to drive economic growth, with port activity now supporting more than 600,000 full- and part-time jobs across the state, according to a University of Georgia study. This represents an 8.6% increase from fiscal year 2021.
Looking ahead, the state is preparing for the potential impact of national policy changes under the incoming Trump administration, particularly in areas such as climate policy and electric vehicle initiatives. Georgia will also recognize Severe Weather Preparedness Week from February 3-7, 2025, emphasizing the importance of readiness for various weather-related hazards.
This content was created in partnership and with the help of Artificial Intelligence AI