The Grand Rapids area economy will continue to grow at a modest pace in 2012. Economists at Grand Valley State University are predicting employment growth between 1.5 and 2-percent this year.
GVSU Professor of Economics Hari Singh surveyed close to 300 business owners in Allegan, Ottawa, Kent and Muskegon counties to compile his report. He says 70-percent of employers told him they plan to hire permanent employees this year.
“The bright spot is really exports,” Singh said. “Our respondents say that our exports are going to go up around 7-percent in spite of the slowing markets in Asia; China and India are supposed to slow down, but exports are still relatively robust.”