UNC Charlotte professor John Connaughton says that the North Carolina economy will grow modestly in 2013 after losing some traction in 2012. In his quarterly forecast for the state, Connaughton outlines how growth in the first half of the year will be slow as a result of several factors. Things like continued uncertainty in Europe, tax increases and spending cuts, and rising gasoline prices will affect how quickly our state’s economy gets off the ground. But North Carolina will prosper. He also says that although we avoided going over the fiscal cliff, we did not dodge tax increases or spending cuts. Economics can be a tricky thing to grasp, but Connaughton will help us understand it all, when Charlotte Talks.
John Connaughton – Babson Capital Professor of Financial Economics in the Belk College of Business at UNC Charlotte