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The Wisconsin Economy: A Look at Agriculture's Impact and Future Trends

Explore the economic landscape of Wisconsin with a focus on agriculture. Learn about growth rates, unemployment trends, and inflation projections. Discover what lies ahead for the state's economy.

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The Wisconsin Economy: A Look at Agriculture's Impact and Future Trends

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  1. The Wisconsin Economy: What Does the Future Hold with a Focus on Agriculture Steven Deller Department of Agricultural and Applied Economics University of Wisconsin-Madison Center for Community and Economic Development University of Wisconsin-Extension

  2. From 1976 the average monthly unemployment rate for Wisconsin is 5.6%

  3. From 1969 the average annual growth rate for Wisconsin is 1.38%, since the end of the Great Recession it has been 1.18%

  4. Growth Rate in Gross Domestic Product • The historical average quarterly growth rate (annualized) since 1947 has been 3.2%, and the consensus forecast over the next year is 2.7%. Source: Wall Street Journal January 2018 Survey (n=67)

  5. Federal Funds Interest Rate Source: Wall Street Journal January 2018 Survey (n=67)

  6. Corporate Bond Interest Rate Source: Wall Street Journal January 2018 Survey (n=67)

  7. Unemployment Rate The unemployment rate is expected to stabilize between 3.7% over the next few years, then tick upward. Since 1947, the average monthly unemployment rate has been 5.8%. Source: Wall Street Journal January 2018 Survey (n=67)

  8. Inflation Rate (Consumer Price Index) The inflation rate is expected to modestly to less than 2.25%. Since 1947 the average rate of inflation using the standard Consumer Prices Index has been 3.6% Source: Wall Street Journal January 2018 Survey (n=67)

  9. Average: 13.1% Std: 6.0 Low: 0.0% High: 25.0% Source: Wall Street Journal January 2018 Survey (n=67)

  10. Source: Wall Street Journal January 2018 Survey (n=67)

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