The Midwest Economy: Still a Swan
William Bergman, William A. Strauss
The Midwest has a long-standing reputation as an ugly duckling during national economic slowdowns. This reputation was acquired and richly deserved as a result of the region's performance in the 1970, 1973-75, 1980 and 1981-82 recessions. During these episodes manufacturing activity, housing, retail sales and employment all posted sharply greater declines in the Midwest than the national average.
