Mpls. Fed sees gradual recovery in 2010
Go Deeper.
Create an account or log in to save stories.
Like this?
Thanks for liking this story! We have added it to a list of your favorite stories.
The Federal Reserve Bank of Minneapolis is predicting a gradual economic recovery next year in the Upper Midwest.
The bank's economists are optimistic about agriculture and are predicting modest increases in consumer spending.
They say unemployment in the region will level off, but warn that jobless rates will remain at historic highs for a while. The Fed also says the construction industry will remain weak.
The Fed predicts a stronger recovery in the region's western states of Montana, North Dakota and South Dakota. The rest of the district - Minnesota, northwestern Wisconsin and the Upper Peninsula of Michigan - will lag behind.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Turn Up Your Support
MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all.
