Atlanta Ranked Low For Economic Growth
ATLANTA (AJC/WAOK)-Atlanta ranks as one of the world’s worst economic performers, according to a new study by the Brookings Institution of the world’s largest metropolitan areas.
Atlanta’s economy – primarily its employment and income gains over the last year – were so anemic that the city came in at No. 189 in the think tank’s list of top 200 global performers.
Still, Brookings discovered that “the most rapidly growing metropolitan economies lie outside the U.S. and Western Europe” in its report released Wednesday. The 200 cities represent 14 percent of the world’s population, but half its economy.
Metropolitan areas specializing in commodities, manufacturing and financial services performed best between 2010 and 2011. Cities heavily reliant on construction, government, education and health care, like Atlanta, did poorly, according to the Washington nonprofit.
Read more in this report from the AJC