State economist: Mississippi economy grows, but lags US

A late summer pickup in job growth could boost Mississippi’s economic output for 2017, state economist Darrin Webb said Tuesday, but that doesn’t mean the Magnolia State’s economy is off to the races.

Webb told an audience at Millsaps College that the state appears to be on track for its overall economic output to expand for the first back-to-back years since 2007 and 2008. Still, Webb said he expects Mississippi will continue to grow more slowly than the nation, which means the gap between incomes for Mississippians and nationwide could keep widening.

Webb said he currently expects Mississippi’s economy to grow 1.5 percent this, revised down from an earlier 1.7 percent. That’s better than last year, when Mississippi only grew 0.7 percent. It also outstrips four years of contraction in 2009, 2011, 2013 and 2014.

Meridian Star
9/27/16