Forecast: S.C. economy will improve, but slowly
Dec 9, 2010 12:34:00 PM - thestate.com
The South Carolina economy improved in 2010 and will continue to improve next year -- but at a slow pace, according to the forecast released by USC economists Thursday.
Job growth is expected to increase to 1.2 percent from 0.1 percent in 2010, according to Doug Woodward and Joey Von Nessen, economists with the Darla Moore School of Business, which is holding its 30th annual Economic Outlook Conference today.
Personal income should grow 4.8 percent over the next year.
And retail already is beginning to show improvement. Black Friday sales this year were up from 2009, kicking off a promising holiday shopping season, Von Nessen said.
This should be the best season since the Great Recession began three years ago, he said.
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