The Federal Reserve Bank of Minneapolis brought some economic sunshine to January,
forecasting strong growth for the Midwest in the coming year.
The most growth is expected in North Dakota, where oil drilling continues to drive prosperity. But other states will see some robust activity as well, the Fed predicts.
The housing sector is showing signs of recovery and despite drought in many areas, agriculture is holding steady. Although there are some concerns lingering over national fiscal issues and governmental wrangles, personal income and employment are expected to grow in 2013, according to the Fed. That could drive more consumer spending.
The Fed's forecasting models show that employment will grow moderately in 2013, with stronger growth in North Dakota and Minnesota.