Global economic slowdown affecting Wyoming

JACKSON, Wyo. — Third quarter Wyoming economic summary report was released this week indicating growth is slowing worldwide and in the Cowboy State as well.

Wyoming continues to rebound from the severe downturn in 2015-16 but the pace slowed somewhat in after the first quarter of 2019. Total employment grew by 1.2 percent (3,570 jobs) in 3Q 2019 as compared to the previous year—slightly slower than the national average.

According to Moody’s Analytics, global GDP growth is expected to slow to 2.4 percent in 2019 from 3.0 percent in 2018. The slowdown will be broad-based across countries. The main drivers are a significant easing in China’s growth and fading fiscal stimulus in the U.S. economy.