When Pittsburgh-based PNC Financial Services’ top economist looks forward to 2014, he is doing it with cautious optimism.
“We think we can sustain (good economic growth) for at least one more year and maybe for several beyond that,” said PNC Chief Economist Stuart Hoffman.
Hoffman thinks the economy will see GDP growth inching up and unemployment inching down. By the end of 2014 Hoffman is predicting GDP growth of 2.5 percent and an unemployment rate of about 6.5 percent.
On the local employment front, new jobs in construction will lead the way.