Survey Suggests Virus Outbreak to Slow the Economy
OMAHA, Neb. (AP) — A new survey of bankers in rural parts of 10 Plains and Western states suggests they expect the economy to slow down over the next few months as the nation deals with the coronavirus outbreak.
The overall index for the region fell to 35.5 in March from February's healthy 51.6 reading.
Any score below 50 suggests a shrinking economy.
Creighton University economist Ernie Goss said 61 percent of the bankers surveyed expect the measures being taken to fight the coronavirus to lead to a recession.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.