Goss says construction industry in recession

SIOUX FALLS, S.D. – There are signs that inflation may be easing, now the question becomes, “can we avoid a recession.”

Creighton University economics professor Ernie Goss says the Mid-America economic survey shows a soft landing.

That means some parts of the economy will fall into recession.

He believes the construction industry is there.

He says construction of commercial properties is being hit harder by higher interest rates and slower business trends.

People are also reading...

Weather

loader-image
Rapid City, US
7:47 pm, December 23, 2024
temperature icon 39°F
clear sky
Humidity 51 %
Pressure 1020 mb
Wind 6 mph
Wind Gust: 10 mph
Visibility: 10 km
Sunrise: 7:25 am
Sunset: 4:18 pm

Market News

Share via
Copy link