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Greg Wolf, executive director of the World Trade Center Alaska, said the state’s resources are likely to keep the state’s economy going strong in the coming year as well.
“We’re in a sweet spot right now,” he said. “We have what the world needs and increasingly the world has the money to buy it,” he said.
The world’s emerging economies will soon surpass the developed countries, if they haven’t already, but billions of Asian consumers with money to buy Alaska products could benefit Alaska, Wolf said.
“There’s some seafood products that Americans just don’t eat, but they’re highly prized in Asia,” he said.
The weakening U.S. dollar will help make American exports more completive, Wells Fargo private baker Jon Snare said. “Some things that are good for Alaska aren’t good for the United States as a whole,” he said.
h/t DR
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