While the national and regional outlook points to modest slowing, experts made it clear: this is not a time for panic, but for preparation.

A Period of Marginal Deceleration

Current economic conditions suggest the pace of growth is cooling slightly. Rather than a dramatic downturn, economists are seeing what can best be described as marginal deceleration: economic activity is still moving forward, but at a slower and more measured pace.

For businesses, this means continued opportunity, but with a greater need for strategic decision-making.

The “Low Hire, Low Fire” Labor Market

One of the most notable trends discussed was the current employment environment.

Job growth is pulling back, but importantly, layoffs are not rising. Instead, the market is settling into what experts describe as a “low hire, low fire” trend.

This signals a more stable—though slower—labor market, where businesses may need to focus more on retention and efficiency than aggressive expansion.

South Carolina’s Growth Story Remains Strong

Despite broader economic moderation, South Carolina continues to stand out nationally.

With the fastest population growth rates in the country, South Carolina remains positioned for long-term economic resilience.

Population growth continues to fuel:

Consumer demand

Workforce expansion

Housing and infrastructure needs

New business opportunities

For the Lowcountry and beyond, this sustained migration trend is expected to remain a major economic advantage.

Consumer Spending Has Slowed But Not Stopped

Border economy predictions suggest consumer spending is softening, but not disappearing.

While households may be more cautious, spending activity has not hit zero.

No Room for Major Economic Shocks

A key takeaway from the luncheon was this: there is not much room left for significant economic cooling without consequence.

In short, the economy is not positioned to absorb major disruptions, whether from policy shifts, global instability, inflation spikes, or other external shocks.

Bottom Line

The outlook ahead is one of cautious optimism.

South Carolina’s population growth and economic fundamentals remain strengths, but slower growth, moderated hiring, and reduced shock absorption capacity mean businesses should focus on smart strategy.

The message from this year’s Economic Forecast Luncheon was clear: growth is still here, but navigating it wisely will matter more than ever.