Goss Predicts Slow Growth
Creighton University Economics Professor Ernie Goss says his latest survey of purchasing managers in Wyoming is predicting slow growth over the next six months or so.
Wyoming scored a 53.6 in Goss’s latest survey, with a score of 50.0 being growth neutral. Even though that score does forecast economic growth, Goss says Wyoming’s growth will be limited by an energy sector that is not performing especially well at this point.
Goss also says federal budget cuts in defense and other areas that are looming on March 1 if President Obama and congress cannot work out an agreement are a concern, especially in Cheyenne, which is home to F.E. Warren Air Force Base. Goss says those cuts would come at an especially bad time for the country in general as the national economy struggles to recover from the recent recession.