B2B Stories

In the first week of 2023, we now know how the Augusta economy did in 2021. The Augusta Metropolitan Statistical Area’s real Gross Domestic Product (GDP) grew by 3.1 percent. Real GDP is the final value of all goods and services produced in the economy in a year, adjusted for inflation. Some sectors of the economy enjoyed strong growth, admittedly from a covid-depleted 2020. For example, durable goods manufacturing was up 20 percent, and educational services by 11.1 percent. Not surprisingly, arts, entertainment, recreation, accommodation, and food services increased by

The major economic concern this year has been inflation. The latest data suggest that prices have risen by 7.1 percent over the last year. This has hit consumers’ pockets hard and at this time of the year made Christmas more expensive but by how much? A whimsical take on the cost of Christmas is provided by PNC bank which calculated the cost of the presents in the 12 days of Christmas. A partridge in a pear tree is 25.8 percent more expensive due to the higher cost of fertilizer. Higher