Policy Brief: The Economy. Economic Challenges Facing the Upper Midwest
2004-02-01
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Policy Brief: The Economy. Economic Challenges Facing the Upper Midwest
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2004-02-01
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Recent reports indicate that the national economy is rebounding,
with robust growth in gross domestic product (GDP) and
productivity and an energized stock market. GDP grew at
8.2% for the third quarter of 2003 and 4% in the fourth
quarter. Even as the country’s economy has shown significant
improvements overall, the five states in the Upper Midwest
(Minnesota, Wisconsin, Iowa, and South and North Dakota)
face significant and, in certain respects, unique challenges on
several fronts, including job creation and the lack of fiscal
stimulus from defense spending. Significant budget constraints
have prevented state and local governments from offering
much help. These economic and fiscal challenges in the Upper
Midwest have contributed to widening economic discrepancies
between rural and urban areas.
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Center for the Study of Politics and Governance, Humphrey School of Public Affairs, UMN
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Jacobs, Lawrence. (2004). Policy Brief: The Economy. Economic Challenges Facing the Upper Midwest. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/195053.
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