Georgia Insurance

In 1970 and 1980, Georgia was a cornerstone of southern economic growth. Today it is found in a recession.

Nowhere, the problem is even more clearly than in Atlanta, the engine that drives the state of the economy. In South Georgia and grew up in economic powerhouses, Atlanta was the capital region, a centre for airlines, telecommunications, distribution and insurance. But this year, economic forecasts indicate that the metropolitan area to lose jobs, for the first time since 1974: 5800 jobs this year two thirds of the total loss for the whole country.

“The Atlanta region,” said Donald Ratajczak, director of the Economic Forecasting Center of Georgia State University, and there is no way can we avoid the word recesssion for the state and the city. ” But he predicted that the state and the city began to recover late in the year 1991.

Until last month, Mr. Ratajczak and other Prognostikern were generally more optimistic about the prospects for the region. He said he believed Atlanta, with its economy on services to industry and the second part of white-collar jobs in the nation to Washington, could have avoided a recession. The effects of the East –

Then, in mid-January, has been the decline of Eastern Airlines, one of two officers, who were previously Hartsfield International Airport here as a regional centre of operations. (The other is Delta Air Lines.)

East say the closure of the first loss of 10000 jobs, said John Braden, a spokesman for the airport, if one takes into account concessions, vendors and commuters air passengers staple food is here. But not all these jobs are permanently lost.

“All indicators of construction turnover of retail trade was low,” said Ratajczak, “but we could have avoided a recession If this is not the closure of Eastern Airlines. The loss of a second turning point in the Cross Air Hartsfield Atlanta bowed to the economy into a recession .

Concourse C at Hartsfield, with its variation of light, resembles a ghost town. If the concourse hosted a crossroads for travelers, the airport made 2200 takeoffs and landings per day. With the loss of East and an end to flights by many commuters Food Network East, the number of 1172 Benefits disappear

The Georgia part of the problems on which the whole south-east. In a recent analysis, the Federal Reserve Bank of Atlanta, said the region tend to lose benefits, as profitable and growing population, it is appreciated in the past two decades.

Sheila Tschinkel, Senior Vice President of Research for the bank, said the South-East had, economically stronger and more urban. Many parties can not really decreased now, she says, but they are not grow as much as earlier.

In the past, she said, the region has increased sharply as people move in, but now, given that employment opportunities decrease, fewer people are coming and the invoice for the strengthening of public services, by Historically, growth will expire. Bad News find

The figures on employment growth, on the heels of bad news in other areas such as real estate and car distribution.

Ron Harris, executive director of Ford Sales Manager Banner said here that during his activity, he was decent was a perpetual struggle to stay positive amid the tide of bad economic news.

“The employees should be their heads on the right of each day,” said Harris, as he was almost alone in his showroom on a Sunday afternoon rain. “We can not control, much more, when it ’s acts of the economy, but we can of our recruitment, and nobody comes in this house is buying a car of a type, it behaves like burdened’s economic news.

His dealers were cutting back on advertising, Mr. Harris said, but had little smaller stocks because “you can not sell from an empty car.” Hold Back Home Buyers

Jim Thibadeau, a real estate agent and developers, whose family company built houses here, said a few visits clients on the evolution of the company have been in recent weeks, but “buyers are always accepted.