Page 9 - Tree Line - North Carolina Forestry Association - Fourth Quarter 2021

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9]North Carolina’s economy is forecast to expand in 2022 and 2023. However, the strength of the growth will depend
on the path of the COVID-19 virus. If the virus soon becomes completely controlled, North Carolina’s aggregate production (GDP) will be 10% higher in 2023 than prior to the pandemic. But if COVID-19 variants persist, the growth rate will be cut in half to 5%.
10]The long-run economic prospects for North Carolina are very positive. North Carolina has been among the
few states with low per capita rates of both COVID-19 deaths and job losses during the pandemic. This means North Carolina will be viewed as a relatively “safe state.”
During the expected national geographic re-
sorting of households and businesses after the pandemic, North Carolina should be in a position to attract both new households
and new businesses. The expected
expansion of high-speed-internet to underserved areas and the greater use of the internet to access work, services, and health care will also increase economic growth and prosperity in North Carolina’s small towns and rural regions.
DIAMOND LEVEL SPONSORS
SILVER LEVEL SPONSORS
GENERAL LEVEL SPONSORS
EXHIBITORS
Motivational Speaker
CHAD PORTER
We also had an opportunity to listen to inspirational speaker Chad Porter about his personal journey of adversity and overcoming tragedy. You can find out more about him on his website at www.chadporter.org.
Both speeches were recorded and saved in the members-only section of our website, https://ncfa.memberclicks.net.