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Article: The Missouri economy: an overview.
- Article from:
- Business Perspectives
- Article date:
- June 22, 2004
- Author:
CopyrightCOPYRIGHT 2004 University of Memphis. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Missouri is frequently cited as being a bellwether state both politically and economically. Historically, business cycles in Missouri have tracked the national cycle in two important ways. First, business cycle fluctuations in Missouri are synchronized with business cycles at the national level. Second, the amplitude is indistinguishable when comparing Missouri's business cycle fluctuations to those for the whole country. More simply put, Missouri's economy tends to contract and expand at about the same rate as the national economy. It is, therefore, noteworthy that since the last business cycle peak in March 2001, the Missouri economy experienced a deeper recession than ...