Raleigh set to outpace U.S. in recovery


Creation of new business establishments rose 3 percent in the Raleigh metro area between 2008 and the end of 2011, nearly double the national rate of 1.7 percent, the Triangle Business Journal reports, citing economist Mekael Teshome of PNC Financial.

Teshome, who prepares market forecasts for the Triangle region, believes the entrepreneurship factor will help the area outpace the U.S. in the economic recovery.

Economist Mekael Teshome of PNC Financial thinks Raleigh’s economic recovery will outpace that of the United States.

Source: BZJournal

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