Displaying items by tag: GDP

With the recent announcements of a new Toyota battery plant in Randolph County, a new Fujifilm Diosynth drug plant in Wake County, a large MasterBrand cabinet facility in Kinston, and a big White River Marine operation in New Bern for making saltwater boats, among other projects, North Carolina’s manufacturing sector appears to be thriving.

Published in Opinion
Thursday, 17 June 2021 11:45

OPINION: A tale of two recoveries

We’re about to learn a lot about economic recoveries. Back in 2009, Barack Obama, with a hefty Democratic majority in Congress, tried to pull us out of the Great Recession with a tepid relief program designed to attract Republican support. It led to a slow recovery, and when the GOP took control of the Congress and many state legislatures after the 2010 Republican wave, they instituted austerity policies to counteract Obama’s spending. Climbing out of that recession took almost all decade.

Published in Opinion
Thursday, 22 October 2020 16:13

OPINION: The success of President Trump

The election is upon us and early voting is already underway in many states. As is always the case with an incumbent president, voters are determining whether the current president is worthy of a second term. In short, this election is a referendum on President Trump. Let’s discuss the success of Donald Trump’s first term in office.

Published in Opinion
Monday, 28 October 2019 11:24

COLUMN: Higher output means higher incomes

So far this decade, North Carolina’s economy — as measured by inflation-adjusted gross domestic product — has expanded by an average of 1.7 percent a year. That’s a bit faster than the Southeastern average but slower than the national one.

Published in Opinion