USC professors offer economic forecast for 2013

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by The Associated Press

WCNC.com

Posted on December 12, 2012 at 2:45 PM

COLUMBIA, S.C. (AP) -- Economists from the University of South Carolina are predicting stable economic growth across several of the state's industries in the upcoming year. 

Researchers Joey Von Nessen and Douglas Woodward are warning the gains will come only if Washington politicians reach agreement on spending cuts and taxes to avoid the so-called "fiscal cliff."  

The economists are speaking Wednesday at the Darla Moore School of Business.  

Von Nessen says South Carolina's economic recovery over the past year has come through growth in manufacturing. He predicts 2013 will see more diverse growth in transportation, warehousing, health care, education and even construction. 

The state's jobless rate is at 8.6 percent, the 12th-highest unemployment in the country.   

The predictions come at USC's annual conference that draws business leaders from across the state. 
 

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