Ramstad: Minnesota's economy is doing better than expected, but can it last?


Evan Ramstad | Star Tribune

Sen. Amy Klobuchar and Commerce Secretary Gina Raimondo spoke to reporters after meeting with high-tech executives and educators at Normandale Community College in Bloomington on June 28.

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.



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