Thriving industries in Augusta
Donald Trump is constantly telling us that the US economy is ‘roaring’, ‘booming’ and ‘in great shape’, and to an extent, he’s right. Big business is booming in the United States and CEO’s and corporations are making more and more money. However, the average person is finding themselves working more hours for less pay.
The same could be said for Augusta, but there are still businesses and industries in general that are experiencing growth. The stock market is always a good indicator on which industries are thriving. Currently, tourism, sport, marketing and engineering are all doing well in Augusta, which is being replicated on a macro level in the wider country. In this article we take a look at some of the best investment opportunities in Augusta, to help you cash in on the money the big businesses are making.
The Stock Market: The stock exchange has long been associated with making a quick-buck, but since Donald Trump’s election that has come true. Economists predicted the fall of the stock market when the mad-cap President was elected, but since then all markets have reached historic highs.
You don’t have to put on a suit and head to New York either, you can trade on the stock market from your couch in Augusta.
Manufacturing: This sector represents around 12% of GDP in the US and employs nearly 20 million people. With the advent of fracking and the boom of the energy sector, manufacturing has become more and more competitive.
Growth in manufacturing is set to continue and it could be a terrific investment opportunity now.
Healthcare: Trump controversially binned Obama Care when he first came to office, and whilst that may not have been good for the public, it has certainly been beneficial to the healthcare industry.
Healthcare now represents over $22 billion a year, and with more pharmaceutical products being released both domestically and internationally, upward trends are expected.
Tourism: Augusta’s annual Masters tournament brings in a regular stream of tourists every year, and with that worldwide recognition. Over 5,000 people are employed by seasonal tourism in Augusta and the industry shows no sign of slowing.
Investing in tourism in Augusta seems like a solid idea, whilst it might not make you millions it will give you the nearest thing to a sure-buck.
What does the future hold for the economy?
GDP rose by 2.5% last year which landed it in the ideal growth range, just short of the 4% growth that Trump promised when he was a Presidential candidate. And it’s a good thing that Trump broke his promise, as growth of 4% could have led to a large recession as early as 2020.
One large negative for the economy is the debt-to-GDP ratio, which for the US stands at 102%. That’s a highly unsustainable level and is way above the 77% benchmark recommended by the International Monetary Fund.
Trump’s administration have shown no signs of arresting this issue which has led to companies stockpiling money and employing more temporary staff. So future investors should act with caution when choosing companies to back financially.
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