Governor’s Council of Economic Advisers
Governor’s economic advisers caution against optimism in 2024
Members of a state economic advisory group expressed skepticism Wednesday about positive economic forecasting, citing high interest rates on debt coupled with a $1.7 trillion federal budget deficit. The Governor’s Council of Economic Advisors includes economists and businesspeople from around the state. The council reviews and critiques the Bureau of Finance and Management’s economic forecasts […]
Slower growth, sluggish borrowing expected to impact South Dakota economy
Higher interest rates, inflation, a cooling housing sector and a dip in consumer spending are expected to slow economic growth in South Dakota, according to the state Bureau of Finance and Management. The agency’s projections for two years of lower growth in the state came during Wednesday’s meeting of the Governor’s Council of Economic Advisers. […]