Rural Nebraska in recession for 12 months, GDP down 3.1%, farm income projected to drop to $6B.

Ernie Goss, an economist from Creighton University, reports that rural Nebraska is experiencing a recession, as indicated by his Rural Mainstreet survey, which showed economic conditions below growth neutral for 12 consecutive months. Nebraska's GDP fell 3.1%, and farm income is projected to drop to $6 billion this year. Despite these declines, some positive indicators like growth in building permits and manufacturing exports suggest potential stability in the state's economy.

September 01, 2024
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