{"id":293,"date":"2021-03-08T15:19:54","date_gmt":"2021-03-08T07:19:54","guid":{"rendered":"https:\/\/www.gochambers.com\/globalupdates\/?p=293"},"modified":"2021-03-08T15:19:54","modified_gmt":"2021-03-08T07:19:54","slug":"the-valdosta-lowndes-chamber-hosts-virtual-business-outlook","status":"publish","type":"post","link":"https:\/\/www.gochambers.com\/globalupdates\/business-services\/the-valdosta-lowndes-chamber-hosts-virtual-business-outlook\/","title":{"rendered":"The Valdosta-Lowndes Chamber hosts virtual Business Outlook"},"content":{"rendered":"

VALDOSTA \u2013 The Business Outlook hosted by the Valdosta-Lowndes Chamber of Commerce and presented by Commercial Banking Company forecasts positive economic growth for 2021.<\/p>\n

Typically held in-person during a breakfast, the chamber and CBC Bank worked closely with local production company, Event Point, to live stream three economic experts: Dr. Roger Tutterow, Kennesaw State University, Cole\u2019s College of Business; Dr. Jeffrey Humphreys, University of Georgia Terry College of Business; and Dr. Cynthia R. Tori, Valdosta State University Langdale College of Business,\u00a0who presented national, state and local economic outlooks, respectively, chamber officials said in a statement.<\/p>\n

Daryn Russell, president and chief executive officer of CBC Bank, opened the presentation. After briefly reflecting on the innovation we have seen while finding \u201cnew ways to do business\u201d throughout the pandemic, he expressed a hopeful sentiment for the local economy before introducing Tutterow.<\/p>\n

<\/div>\n

Tutterow brought “a positive outlook which some viewers may have found surprising,” chamber officials said. The economist reminded viewers that last year at the same event, he announced that we were running about 126 months into the longest expansion of the post-World War II era. Since then, our nation and the world have experienced major economic impacts from the coronavirus pandemic.<\/p>\n

\u201cBelieve it or not, the economy is growing again,\u201d Tutterow said.<\/p>\n

But Tutterow reminded the audience \u201cwe still have a lot of work to rebuild this economy.”<\/p>\n

Humphreys reported on the economic climate of Georgia. His findings reflected those of Tutterow.<\/p>\n

\u201cMy forecast for Georgia for 2021 is actually very positive,\u201d he said while forecasting continuous recovery from the negative impact of the pandemic.<\/p>\n

He said due to the pandemic policies set by state leaders which allowed most businesses to continue working at some level during the pandemic, the COVID-19 recession \u201conly lasted three months.”<\/p>\n

<\/div>\n

Despite the brevity, the recession caused a great deal of damage.<\/p>\n

\u201cThe loss of jobs in Georgia was 11% and that\u2019s worse than the great recession,\u201d he said.<\/p>\n

Humphreys added the recession \u201cdid less damage to Georgia\u2019s economy than the national economy,\u201d setting us up for success in the latter half of the year.<\/p>\n

Tori offered the final presentation, reporting on the economic outlook of the local community. Though Tori sees growth, she does not see it happening quickly.<\/p>\n

\u201cMy forecast for 2021 is for gradual improvements through the first and second quarters of 2021 with a more robust recovery during the second half of the year,\u201d she said.<\/p>\n

“It was no surprise to viewers that Valdosta businesses have been innovative and resilient, which will aid the forecasted upturn,” chamber officials said.<\/p>\n

\u201cOur community is focused in a determined way on innovation and economic growth,\u201d Tori said.<\/p>\n

Source: Google News<\/div>\n
<\/div>\n
#chamber of commerce #chambers #chamber news #business #Valdosta<\/div>\n
<\/div>\n
<\/div>\n

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VALDOSTA \u2013 The Business Outlook hosted by the Valdosta-Lowndes Chamber of Commerce and presented by Commercial Banking Company forecasts positive economic growth for 2021. Typically held in-person during a breakfast, the chamber and CBC Bank worked closely with local production company, Event Point, to live stream three economic experts: Dr. Roger Tutterow, Kennesaw State University, […]<\/p>\n","protected":false},"author":4,"featured_media":294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[4,3],"tags":[15,55,29,49,105,106],"class_list":{"0":"post-293","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-services","8":"category-latest-news","9":"tag-business","10":"tag-chamber-news","11":"tag-chamber-of-commerce","12":"tag-chambers","13":"tag-valdosta","14":"tag-virtual-business-outlook"},"yoast_head":"\nThe Valdosta-Lowndes Chamber hosts virtual Business Outlook<\/title>\n<meta name=\"description\" content=\"The Valdosta-Lowndes Chamber of Commerce the Business Outlook 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