Louisiana’s economic dependence on healthy energy, mining and agriculture sectors means the state is among ten in the U.S. expected to be hit hardest by the recent downturn in commodities. Referencing a Bloomberg analysis, the Baton Rouge Business Report noted the “brutal commodities meltdown” as evidenced by the media company’s Commodity Index, which last week reached a 13-year low and has plunged 61 percent since its peak in 2008. Bloomberg lists Louisiana’s risk at No. 9, with 10.1 percent of its gross state product said to be dependent on mining and agriculture. The rankings are based upon a national average of 3.9 percent gross state product derived from energy, mining and agriculture.
Read more from the Business Report here.