Posted on February 8, 2012 at 9:22 PM
Thursday, Feb 9 at 9:29 AM
AUSTIN -- A top local economist is predicting a great 2012 for Austin's economy.
“Overall the economy has made significant improvements,” said Angelos Angelou with Angelou Economics.
For the past 27 years, Angelou has been at the helm of Austin’s economic forecast, where he and local economists predict what the future holds economically for the city that year.
In 2011, Angelou predicted that Austin would see major growth in the hospitality, leisure, health care and semi-conductor industries.
Numbers released by the Texas Workforce Commission prove that Angelou wasn’t too far off base.
“We forecasted about 18,500 jobs and the actual number came at 20,100," added Angelou.
This year, the economist is predicting that the top industries to see growth in Austin will include housing, real estate, video games and clean-tech.
“I think consumer confidence is up. I think people are realizing that interest rates are still low and that they're not going to remain low for a long time,” said Keller Williams real estate broker Eric Copper.
Angelou is hosting the 2012 Economic Forecast Summit in Austin on Feb. 23. For more information, click here