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Sun Aug 25, 2019, 07:54 PM

St. Louis Federal Reserve Economist Predicts Slower Growth For The Region In 2020

ROLLA — An economist with the Federal Reserve Bank of St. Louis says there are some mixed signals coming from the region.

Companies are starting to get concerned, while consumers are spending money and have higher levels of confidence, business economist Kevin Kliesen told a recent gathering of the Rolla Regional Economic Commission.

It all adds up to his prediction that 2020 will see modest growth at a slower rate than the past two years.

“We talk to a lot of businesses, and they tell us that they turned a little bit cautious in terms of hiring, and putting in place capital investment,” Kliesen said. “I think a lot of that has to do with the uncertainty with the trade outlook and some other things.”


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