h digitalfootprint web 728x90

Iowa’s GDP dropped 8% in pandemic-wracked second quarter, new report shows


Des Moines Register: As orders and output of manufactured goods fell this spring, Iowa’s overall economic output dropped dramatically, according to new federal data. The U.S. Bureau of Economic Analysis in a Friday report valued the state’s gross domestic product at $179 billion in the April-June second quarter, the peak of the recession caused by the COVID-19 pandemic. That’s down about 8% compared with the same period last year, when the BEA valued Iowa’s economic output at $194 billion. It’s the lowest since the second quarter of 2016.

Facebook Notice for EU! You need to login to view and post FB Comments!

jca brd 120122 300x250