LEO Says Energy Prices Could Hamper State, Overall Outlook Positive
October 15, 2015
BATON ROUGE – Proposed increases in federal environmental regulations and volatile energy prices
could hamper Louisiana’s economic growth over the next two years, according to LSU
Economics Professor Emeritus Loren Scott, who delivered his annual economic outlook
at the Baton Rouge Business Report’s Top 100 Luncheon today.
But while there are reasons for concern, the overall outlook for the state is still generally positive, with nearly half of the $145.5 billion in industrial expansion projects previously announced either under construction or completed.
“More than $62 billion are in the vertical stage or are completed,” said Scott, who touched on the highlights from his detailed report, “The Louisiana Economic Outlook: 2016-2017,” which he prepared with LSU Economics Professor James Richardson. “In the past, $5 billion worth of activity was considered a good year so we’re still far ahead of the game.”
Read the full story by the Business Report.
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LSU E. J. Ourso College of Business