With 2013 and 2014 included, Mississippi has had a deficit in economic growth for four of the last six years, economists at the University Research Center say in the “Mississippi Economic Outlook” summer issue.
An upturn, though slight, is underway and should be showing some strength in 2017, economists at the University Research Center say in the “Mississippi Economic Outlook” summer issue.
The U.S. Bureau of Economic Analysis said in a preliminary Gross Domestic Product, or GDP, in June that Mississippi’s economy shrank 1.1 percent in 2013 and 1.2 percent in 2014.
What’s more, revised data show the Gross State Product, or GSP, declined 1.1 percent in 2013, the Economic Outlook reported.
The forecast for economic growth in 2015 is 1.3 percent; for 2016 2.2 percent; and for 2017 2.2 percent. “Realization of the 2015 and 2016 forecasts would result in the first consecutive years of expansion in the state’s economy since 2007 and 2008,” the Outlook report says.