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South Carolina Economists Forecast Six Months Recession Early 2002
State economists warn of at least six months of recession with tightened spending and a slower recovery, predicting a rebound by mid 2002. They cite declines in manufacturing and retail with lingering textile job losses and cautious consumer spending as the downturn continues into next year.
MENTIONED IN THIS ARTICLE
Columbia
South Carolina
State Budget and Control Board
Robert Martin
Board of Economic Advisers
University of South Carolina
Donald Schunk
Schunk
Hefner
Marc Tye
Santee Cooper Utility
Tye