North Carolina Outlook

Until the recent recession, North Carolina’s economy was growing faster than the national average, and with this growth came a rising standard of living. Population was booming as the state added nearly 2 percent per year to its population over the course of the 1990s and continued adding during the 2000s at a slightly slower pace. In both decades, state population growth far exceeded the national … Until the recent recession, North Carolina’s economy was growing faster than the national average, and with this growth came a rising standard of living. Population was booming as the state added nearly 2 percent per year to its population over the course of the 1990s and continued adding during the 2000s at a slightly slower pace. In both decades, state population growth far exceeded the national average. Yet the sharp and deep recession in 2007-2009 hid the strength that continued for several years into the 21st century as it marred much of the income, employment and housing data. In this report, we take a look back at North Carolina’s economy over the past few decades, and use that history to guide our discussion of the future. For a more near-term focus, the interested reader will find tear sheets beginning with page seven with a discussion of short-run economic prospects for three major metropolitan areas in North Carolina—Charlotte, the Triangle and the Triad. Thank you for your interest in Wells Fargo’s Economic Commentary by Email. You are receiving this message because you have requested Economic Commentary information and updates sent via email. If you no longer wish to receive these emails, please click on the following link to access the Economic Commentary by Email registration page: http://www.wachovia.com/economicsemail.

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