Economic Slowing Predicted

Economic Slowing Predicted

The leading economic indicator is up again in Nebraska…but the increase has been slowing in recent months.
UNL Bureau of Business Research Director Eric Thompson tells KLIN News their latest indicator predicts economic growth will be slowing ahead.

Trade tensions between the United States and China continue to escalate with threats from President Trump of a new 10 percent tariff on $200 billion in Chinese imports..that’s accompanied by counter threats from China.

Thompson says that if sharp threatened increases in tariffs occur ..it could slow down the U.S. economy including here in Nebraska. Thompson says business confidence was the main reason the leading indicator rose. Respondents plan to increase both sales and employment in Nebraska over the next six months.