Montana Economy Still Strong Despite National Economic Downturn

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Description: The US economic news continues to be bad. Many economists believe that the country may fall into recession because of problems in housing, credit, and financial markets along with increased gasoline prices and other energy costs. Compared to other states, Montana has not been hit very hard by the economic slowdown. Montanans already have experienced the bursting of the house price bubble and mortgage foreclosures, but not nearly to the extent of other states. Despite the national downturn, Montana's economy is still strong, and the Bureau forecasts that it will continue to grow. An area that may be impacted by this national slowdown is Montana state revenues. Recent news stories from Helena warn of tighter state government budgets for the upcoming legislative session. Financial services have felt some of the downturn's impacts. Throughout the nation, the financial services industry has experienced significant cutbacks associated with the subprime mortgage situation and other factors.
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