OMAHA- Despite some indicators that prompted optimism about the state's economy, not all economists agree that good times lie ahead. The latest monthly Mid-American Business Conditions Index, conducted by Creighton economist Ernie Goss, showed that 68% of supply managers surveyed in March expect an economic recession this year.

Specifically, those supply managers anticipate orders being delayed or going unfulfilled, a slowdown in overall sales, and general uncertainty in the market. "It's going to get tougher before it gets better," argued one of the managers surveyed. According to Goss, factors such as inflation, high interest rates, and debt concerns point to such an economic downturn.

On top of that, according to Creighton's Rural Mainstreet Index, Nebraska's agricultural economy has taken a hit. Compared to previous years, Nebraska's 2023 agricultural exports declined, totaling $870 million, a 35% decrease over 2022. Goss expects those ag numbers to remain largely flat this year.

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