Ramstad: Minnesota's economy is doing better than expected, but can it last?
July 4, 2023
Minnesota's economy is doing better now than I thought it would be when I started writing this column six months ago.
You may have missed it, but on Friday we got the state's first really big economic datapoint of 2023. Minnesota's GDP grew 2.2% in the first three months of the year.
That outpaced the nation as a whole, which grew 2%, a level that itself was a surprise. Put on the party hats and do a little dance. For the last 20 years, it's been rare to see the Minnesota economy grow faster than the nation's.