
Simon Says: South Carolina beats Georgia economically
There was mixed economic news at the national level last week. The Bureau of Economic Analysis announced that real Gross Domestic Product (GDP) decreased at an annual rate of 0.3% in the first quarter. The decline in economic activity was driven by imports, which increased by 41% from the fourth quarter of 2024. Imports are subtracted from GDP because they represent expenditures by US residents on goods and services from overseas. Much of these imports ended up in firms’ inventory as they tried to get ahead of expected tariffs. We








