Creighton Economist Says We Probably Are In A Recession Or Very Close

Omaha, Nebraska — The latest Creighton University survey of businesses in nine mid-west states shows continued growth — but economist Ernie Goss says that growth isn’t very fast.

The survey asks questions about employment and other economic trends and creates an index ranging from zero to 150. The overall index moved up by a little more than a point to 59.8 in July.

There’s a debate about whether the country has moved into a recession, and Goss says the signs do point that way.

Goss says the recession is not having a full-blown impact on all sectors of the economy.

Goss says to listen carefully to what the Federal Reserve Governors say, because when they see a recession ahead they’re going to be raising interest rates.