Georgia

  • Country: USA
  • Location features: Perfect for property investment, No.1 Recession-Proof Cities To Retire In

Areas:

Atlanta growing the fastest!

Atlanta is perfect for property investment. It has a large population growth averaging 76,000/year over the last 10 years and will supply endless numbers of potential buyers and renters for your property. It hosts the greatest number of Fortune 500 companies in the US and even has the fastest growing number of millionaires in USA! Metro Atlanta is big and growing. Florida weather without the cost and crowds!

America's Top Recession-Proof City to Retire in

Lincoln County

 Activies & attractions

Towns of Lincolnton and Washington offer plenty of shopping and dining. Clarks Hill Lake itself provides a variety of activities and entertainment for your endless enjoyment. Plus, Lincoln County features historical sites that are truly unique:

Elijah State Park
Elijah Clarke State Park is a popular camping and recreation area. The park is located on the western shore of Clarks Hill Lake, which is east of the Mississippi River. The parks endless recreational opportunities include: 165 camping sites, 20 cabins, miniature golf, beach areas, and hiking trails.

Lamar-Blanchard House

This landmark was originally constructed by Peter Lamar a politically prominent founding citizen of Lincolnton -- in 1789 as a tavern and served as so until 1847. The home was then moved by Robert Blanchard, and his daughter, Birdie, to make way for the development of downtown Lincolnton. It was listed on the National Register of Historic Places in 1982 and is the present home of the Chamber of Commerce and Development Authority offices and serves as Lincolnton’s Welcome Center.

Lincoln County Historical Park
The Lincoln County Historical Park showcases the largest concentration of rehabilitated historic buildings in the CSRA. The complex includes an original log smokehouse, cotton gin, blacksmith shop, sawmill, gristmill, 1700’s log cabin, and country store

 

USA Economy

GDP: Purchasing power parity - $14,334 trillion (2008)
GDP per head: Purchasing power parity - $47,025 trillion (2008)
Annual GDP Growth: -0.5% (3rd quarter 2008)
Inflation: -1.9% (November 2008)
Labour force: 154.5 million (includes unemployed May 2008)
Unemployment: 7.2% (December 2008)
Budget: Revenues $2.523 trillion (2008), expenditures $3.150 trillion, including capital expenditure
Major Industries: Leading industrial power in the world, highly diversified and technologically advanced; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining, defence
Major Trading Partners: The US is a global trader with global markets. Its main trading partners are Canada, Mexico, China, Japan, UK and Germany.
Exports: $1.149 trillion (2007 est)
Exports - commodities: capital goods, automobiles, industrial supplies and raw materials, consumer goods, agricultural products
Imports: $1.985 trillion (2007 est)
Imports - commodities: crude oil and refined petroleum products, machinery, automobiles, consumer goods, industrial raw materials, food and beverages
Debt - national: $10,554 trillion (December 2008)
Exchange rate: £1 = approx US Dollar 1.47 (April 2009)
 

Current Economic Situation
The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit pushed the United States into a recession by mid-2008. To help stabilize financial markets, the US Congress established a $700 billion Troubled Asset Relief Program (TARP) in October 2008. The government used some of these funds to purchase equity in US banks and other industrial corporations.The US Congress has also passed the American Recovery and Reinvestment Act. President Obama signed the Act into law on 17 February 2009. The economic stimulus contained in the Act totals an historic $787bn, or around 5.5% of GDP. Through one-third in tax cuts and two-thirds in increased spending, it is designed to provide support to the economy over several years, to help ease what economists expect to be one of the longest and deepest recessions in the post-war period. Most forecasters expect the package to add around one percentage point to growth in 2009 and 2010. But it will also push the budget deficit over 9.5% in 2009 and 8% in 2010.

Source: www.fco.gov.uk

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