Jul
07

SC’s Economic Forecast: Moderate Growth

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Economic growth in the lower South Atlantic states will continue to outpace the national economy and South Carolina’s will accelerate, but not as fast as the rest of the region, a new report says.

The quarterly state forecast by TD Bank economists said regional growth will reach 2.4 percent this year and accelerate to 3.6 percent in 2015, led by Florida and Georgia.

South Carolina’s economy should accelerate to “a still moderate 1.6 percent pace” this year before growing by 2.8 percent in 2015, the economists said.

Cuts in health care funding and a manufacturing slowdown have dragged down the state’s economy, TD said.

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Categories : South Carolina News

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