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You are here: Home / Business / U-of-I economist says Iowa’s economy down, but not out

U-of-I economist says Iowa’s economy down, but not out

March 13, 2001 By admin

The University of Iowa’s Institute for Economic Research is slightly lowering its economic forecast for the state. The Institute is forecasting a three-percent growth rate in personal income for Iowans. That’s down from the November forecast of three-point-three percent. Institute Director Beth Ingram says the economy is in a “slowdown”, NOT a “recession.” She says Wall Street plays a big role in the slowdown, along with high winter heating bills. Overall, though, Ingram says Iowa’s economy isn’t that bad. Ingram says our economy grades out at a “B” level after getting an “A” the last couple of years. The institute predicts state tax revenues will grow three-point-seven percent, slightly above the official state estimate of three-point-five percent.

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Filed Under: Business Tagged With: University of Iowa

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