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Some Slowing of US Economy "Wouldn't be Surprising" to General Mills CEO Steve Sanger '68

August 30, 2006

August 30, 2006, Greencastle, Ind. - "`We've had an awfully good run in the economy with some pretty significant shocks, I think, and it wouldn't be surprising to see some slowing speed in the economy,' General Mills Inc. Chief Executive Officer Stephen Sanger said in an interview on Aug. 23," reports Bloomberg. Sanger, a 1968 graduate of DePauw University, is quoted in an analysis of economic data that was released this morning.

"The U.S. economy slowed less in the second quarter than previously estimated and incomes jumped, easing concern about a sharper downturn," begins the article by Courtney Schlisserman. "Gross domestic product, the sum of all goods and services produced, rose 2.9 percent, up from the 2.5 percent gain reported in July, the Commerce Department said today in Washington. The expansion in the first quarter was 5.6 percent."

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Steve Sanger addressed the National Governor's Association's 98th annual meeting earlier this month. Learn more in this previous article.