Economic forecaster: Arkansas economy gaining momentum – Economist discusses impacts of recession, unemployment on area

May 16, 2017

Batesville has emerged from the 2011-13 Arkansas “doldrums,” particularly when it comes to employment, according to Dr. Michael R. Pakko, chief economist and state economic forecaster at the University of Arkansas-Little Rock’s Institute for Economic Advancement.

Pakko spoke on various aspects affecting the Independence County economy as well as that of the state’s during a meeting of the Batesville Rotary Club on May 8. Pakko presented slides, which visualized the numbers for the members.

Pakko said the outlook for Arkansas is “slow, but steady, economic growth.” He said through most of the economic recovery, which began in 2011, following the recession that began in 2008, Arkansas lagged behind the rest of the country, particularly in employment. Since 2014, employment has accelerated, though.

Read the rest here: https://guardonline.com/?p=237881

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