Despite indicators pointing to a robust economy in South Dakota, experts warn that businesses still grapple with uncertainties in the new year.
The state outpaced the region in 2023, with strong job and wage growth in the manufacturing sector, outstripping inflation.
However, external factors such as federal spending and global trends could impact the midwestern economy in 2024.
While agriculture remains a significant part of South Dakota’s economy, concerns about a potential recession top the list of worries for 46% of survey respondents.