According to a report by the Federal Reserve Bank of Philadelphia, South Carolina is one of two states that are expected to a growth rate of 4.5 percent or better in the Fed’s coincident index, or gross state product, in the first six months of 2012.
Both South Carolina and Michigan top the Fed’s list of prospects for rapid growth in the next few months. Both state’s have experienced significant improvements in employment.
The Greenville News reported on this story over the weekend. Read their report at greenvilleonline.com by clicking here.