Thursday, September 6, 2012

DROUGHT, LOW EXPORT DEMAND SAPPING MIDWEST ECONOMY


(AP/JournalStar.com) -- The AP reports that the latest Mid-America Business Conditions Index shows "continuing drought and reduced export demand for U.S. products are draining the economy in nine Midwest and Plains states," including Nebraska.  The index in August "remained below growth neutral for a second month in a row, the first time that has happened since July 2009."  Creighton University economist Ernie Goss said:  "The drought, the fiscal cliff, the elections and European economic turmoil are all weighing on economic confidence."

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