State economist: Federal checks will help
MINNEAPOLIS - Federal checks meant to stimulate the economy will help, but Minnesota's state economist said Wednesday a fiscal slowdown will continue.
The checks may help the state move out of a half-year recession, Tom Stinson said, but once Minnesotans spend them the economy likely will slip again.
"We think the economy will bottom out in the fall of this year, then start a gradual growth," Stinson predicted.
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