SC businesses brace for eventual recession as economic expansion nears 10-year mark

The economy in South Carolina and most of the country is in a peculiar spot.

It has enjoyed an exceptionally lengthy run-up. And most of the pertinent statistics show that it remains on solid footing, though growth is expected to taper off a bit this year and next.

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“Those things are weighing on activity,” Graney said last week. “So it seems companies all over the world have hit the pause button. They’re still interested in investing in global markets … but not at this very second in this economy.”

In response, the alliance is pivoting. Graney said it’s devoting more of its resources toward recruiting domestic firms, such as technology businesses, that aren’t as sensitive to global trade issues.

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