Experts: Midwest economy to get worse - KWWL - Eastern Iowa Breaking News, Weather, Closings

Experts: Midwest economy to get worse

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OMAHA, Neb. (AP) -- A new survey of business leaders suggests the recession will get worse in the months ahead in nine Midwest and Plains states.

Creighton University economics professor Ernie Goss said in a report released Friday that the current recession will be worse than the nation's last one, in 2001.

The overall index for the region fell to 33 in December from November's record low of 37.8.

Any score below 50 on the index, which ranges between 0 and 100, indicates a contracting economy over the next three to six months.

The survey includes Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma and South Dakota.

Goss and the Creighton Economic Forecasting Group have conducted the monthly survey since 1994.

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