Dhawan: 'The Game Has Changed'
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For Rajeev Dhawan, the government shutdown a few weeks ago was a game changer. And that's not a positive for the economy. Georgia State University's economic Nostradamus, Rajeev says the "political dysfunction" in DC will keep the national and Georgia economy in check during the next two years, with GDP projected at 2.1% next year and 2.5% in 2015. "I was hoping the political dysfunction would be more under control by now, but it's not. We just had a government shutdown. The game has changed now," Rajeev tells us. Along with DC problems, Rajeev also says the slowdown in Europe's economy will hurt us. Job growth for Georgia will hit 85,000 this year, Rajeev predicts, with 77,000 next year and 97,000 in 2015. And the chance for a recession? "That's not on the horizon," he says. That is, of course, unless the US manages to slam into a debt ceiling and go bankrupt. Then all bets are off.