Swenson: One quarter does not an economy make

March 30, 2021

David SwensonDavid Swenson, research scientist, was interviewed for a March 29 Quad-City Times story, "Iowa fourth-quarter GDP shows improvement after pandemic-fueled downturn."

Iowa’s economy grew faster in 2020’s fourth quarter of 2020 and its pandemic-related losses were less severe than in many other states, according to a preliminary report on gross domestic product from the federal Bureau of Economic Analysis. However, Iowa State University economist Dave Swenson warned on Twitter that “one quarter does not an economy make.”

Overall, Swenson said, Iowa’s year-over-year economic growth “is still in negative territory.”

This story also covered by
KPVI-TV, March 30

Swenson also spoke with

Katie Peikes, Harvest Pubic Media, on whether communities that suffered disasters typically had new business starts.

Trent Rice, WHO Radio, on the value to the economy of pandemic relief payments made directly to individuals and families.
    Also covered by KFAB Radio, March 31

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