Best Georgia Title Loans Highlights Positive Atlanta Economic Update As Predicted By Oxford Economics In 2021
July 26, 2022 at 22:03
Best Georgia Title Loans is highlighting an economic forecast published by Oxford Economics in 2021 for the city of Atlanta, and consequently the broader Georgia economy. The Georgia company is analyzing whether the report’s predictions have come true. Readers can find out more about Best Georgia Title Loans by heading over to: https://bestgeorgiatitleloans.com/locations/atlanta-ga-30328/.
Oxford Economics, one of the world’s foremost independent global advisory firms, published a report on its website at the end of Q1 2021 that extrapolated the economic growth that Atlanta could expect through 2025. It began by acknowledging that Atlanta had kept pace with the rest of the country when it came to recouping the scores of jobs that were lost since the start of the pandemic. It also predicted job growth of 2.6% in 2021 and 3.2% in 2022. The report also mentioned that the city will recover all the jobs that it had lost due to the pandemic by the end of Q3 2022.
According to the latest statistics from the U.S. Bureau of Labor Statistics, the total unemployment today in the country is just a percentage point below its peak before COVID-19 hit. This is a remarkable recovery compared to the 15% unemployment rate at the height of the pandemic. In March 2022, the nationwide unemployment rate was 3.6%. Atlanta has fared much better than the rest of the nation as, during the same month, its unemployment rate was just 3.2%. At the start of May 2022, the unemployment rate dipped below the lowest point that it had ever been since 2012 as it sat around 2.4%, smashing the expectations of the report from Oxford Economics.
The 2021 report also predicted a national GDP annual growth rate of 7.3% in 2021 and 3.3% in 2022. However, these predictions have not come to pass due to a combination of national and international geopolitical events such as inflation and the war in Eastern Europe. The country reported a GDP annual growth rate of 5.9% in 2021 and 3.5% in 2022.
"It is good to see the city of Atlanta rebounding economically speaking," said a spokesperson for Best Georgia Title Loans. Just like the City of Atlanta is bouncing back from the pandemic-necessitated slowdown, the Georgia company has also helped several families and households get back on their feet by providing bespoke pink slip services. Readers can find out more about what its clients are saying about the Georgia financial services provider by heading over to its Google My Business page at: https://maps.google.com/maps?cid=16737584944170111877.
Atlanta residents who haven’t been blessed with the benefits of the economic recovery that the city is experiencing are facing the specter of rising prices of gas and essential goods. With inflation at a 40-year high, it is no wonder that many low-income households are feeling the financial pinch. If any household gets forced to put money towards an unexpected expense in these circumstances such as a sudden medical bill, home repair cost, or utility bill, it can be a very stressful experience. Financial difficulties become even harder to face when one does not have enough savings to tap into.
Atlanta readers who are struggling to arrange money for a significant time-sensitive expense can turn to the services offered by Best Georgia Title Loans. The financial services provider can make available funds of up to $50,000 if the applicant has a vehicle in good condition with enough equity. The company prides itself on a fast and seamless approval process that can be initiated online with just a few essential questions and submitting identity and vehicle ownership documents. The only requirement is that the applicant should be 18 years or older and have a monthly income of at least $1500. Best Georgia Title Loans can help Atlanta residents get the money in their bank accounts in as little as 24 hours.
Georgia residents who want to learn more about how Best Georgia Title Loans can help them get through financial dire straits can head over to its website to learn more.
For more information about Best Georgia Title Loans (470) 412-6353, contact the company here:
Best Georgia Title Loans (470) 412-6353