Economist: Ag and Energy sectors on the right track
Laramie, WY – An economist says he's bullish about the agriculture and energy economies that Wyoming depends so heavily on.
However, Creighton University economist Ernie Goss says that's only if European countries don't default in their debt crisis and government spending is reduced.
Goss spoke Tuesday in Cheyenne at an economic forum. It was sponsored by the Wyoming Business Alliance and the Wyoming Heritage Foundation.
Goss says fear is constraining the U.S. economy now. Besides the European crisis, he says there are many uncertainties about health care reform, taxes, cap and trade, China and government spending.
He says the rising value of the dollar is not good for oil and natural gas prices, which the Wyoming economy heavily relies on.
But he believes the dollar will weaken.