Bureau of Business Research College of Business East Carolina University The State of the Regional Economy NC’s Northeast James (Jim) Kleckley, PhD Director,

Bureau of Business Research College of Business East Carolina University

The State of the Regional EconomyNC’s Northeast

James (Jim) Kleckley, PhD Director, Bureau of Business Research

[email protected]

February 25, 2011


• The National Economy

• The State Economy

• The Northeast’s Economy











US Forecast




Major Risks to the US Forecast

• Energy Prices and Dependency• Middle East• US Budget Deficit

– Spending cuts and tax increases– Medical Costs

• Unwinding the monetary “fix”• The Global Economy


NC and NC’s Northeast







Virginia 6.7%Tennessee 9.4%

United States 9.4%North Carolina 9.8%Georgia 10.2%South Carolina 10.7%

Research Triangle Regional Partnership 8.4%North Carolina's Northeast Commission 10.1%North Carolina's Eastern Region 10.2%AdvantageWest Economic Development Group 10.2%North Carolina's Southeast Commission 10.4%Piedmont Triad Partnership 10.4%Charlotte Regional Partnership 10.9%

Unemployment Rates

Seasonally Adjusted, December 2010


Seasonally Adjusted, December 2010







The State and NE Region Forecasts


Opportunities

Documents

Bureau of Business Research College of Business East Carolina University The State of the Regional Economy NC’s Northeast James (Jim) Kleckley, PhD Director,