LEO Says Energy Prices Could Hamper State, Overall Outlook Positive

 Cover of 2015 LA Economic Outlook

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.  

To order your copy of the LEO, which is available in print or pdf form for $75, contact Judy Collins in the LSU Department of Economics at 225-578-5211 or judycol@lsu.edu.

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Angela McBride
LSU E. J. Ourso College of Business