JACKSON — The state economist says Mississippi continues to have “sluggish” growth that trails the Southeast and the nation as a whole.
Darrin Webb tells lawmakers Wednesday that he expects data will show Mississippi’s economy grew about 1 percent in 2015, following two years of contraction.
That compares to 2.4 percent growth last year for the nation — the same rate as 2014 and slightly higher than 2013.
State Treasurer Lynn Fitch says Mississippi is well below its constitutional debt limit.
However, the state ranks 14th highest in the nation for tax-supported debt per person. She says that’s a list where being 50th is best.
Fitch says credit agencies see low education attainment and high poverty as challenges for Mississippi.
Webb also says because of education, the state has “limited human capital.”
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info