User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


76° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Economy Experiencing Slow Growth

January 8, 2012, 9:57 PM by Hailey Higgins

Economy Experiencing Slow Growth
SIOUX FALLS, SD - The economy is changing. Some experts say we're entering a cycle of job growth, higher wages and more demand for businesses.

Both the local and national economies are slowly, but surely, growing stronger according to Rebecca Murdock with the University of Sioux Falls. It may be small, but she says it's something.

"I guess in that sense, slow growth is okay, because at least it is still growth. We just won't experience the kind of very heavy, very strong kind of growth that we experienced prior to the recession," Murdock said.

The growth is expected to continue for the next three to six months. But Murdock says economic uncertainty in Europe could complicate anything beyond that.

"The thing that is of concern, you could have somewhat of a contagion type of effect, which will not only affect those countries that are part of the European Union, but obviously because we have such an integrated global economy, that certainly will have an impact here at home," Murdock said.

Another factor is the political climate. Murdock says speculation over the presidential election could deeply influence economic confidence going into the second half of the year.

"I believe we are operating on a period of time where there is just a higher degree of uncertainty and a feeling of ambiguity about things. And that just isn't going to sort itself out until we have these campaigns get further down the road, until we have more of the primaries and so forth begin to help us determine who the final contenders really will be," Murdock said.

Locally, Murdock says the biggest threat to growth would be a severe weather event impacting the area's agriculture.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Two KELOLAND Target Stores Now Open Extended Hours

8/19/2014 12:16 PM

Night owls who enjoy shopping at Target will soon have a few more hours to browse the shelves.

Full Story
SF Food Scene Gets Some National Attention

8/15/2014 8:14 PM

Sioux Falls' local flavor is getting national attention.

Full Story
Raven Balloons In Demand By Google

8/20/2014 9:10 AM

Raven Industries reports that sales for the second quarter are up to $94.5 million from $93.4 million the same time last year, due in part to Google&#...

Full Story
East 10th Street Turnaround

8/14/2014 10:00 PM

Any way you slice it, opening on East 10th Street in Sioux Falls was a good business decision for The Pizza Man.

Full Story | Watch
New CEO Of Idled Aberdeen Beef Plant Optimistic

8/17/2014 3:45 PM

The new CEO of a beef plant that has sat idle in Aberdeen since 2012 is optimistic about the facility's future.

Full Story


Events