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South Carolina Economy Slowing Down

Joey von Nessen
Mike Switzer/SC Public Radio
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Recent economic reports are showing that our state continues to perform better than the country as a whole, however some of those upbeat economic indicators are also slowing down.  Could the third longest economic recovery in our history be coming to an end?

Mike Switzer interviews Joey von Nessen, a research economist with the University of South Carolina's Moore School of Business, and their Division of Research, which stays busy tracking and calculating our state's economic statistics.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.