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Economic Outlook

An economic outlook plays an important role in forming expectations about the potential state of an economy. Using historical data and trends of key economic variables and indices, combined with any current policy or geopolitical events, allows for informed forecasts about the economy.

Outlooks are usually focused on a particular economy such as the North Carolina economy, the U.S. agricultural economy, or the U.S. and North Carolina row crops economy. The information conveyed in an outlook with respect to forward-looking statements should be considered as the presenter’s best “guestimate” of the future given all the information on hand at that point in time.

Economic Outlook for 2025

In this issue of the NC State Economist, Hugh C. Kiger Distinguished Professor Jeffrey Dorfman recaps the economy in 2024 and predicts economic trends for the upcoming year.

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Outreach Materials

As new information becomes available, such as monthly or quarterly economic reports, our experts create outreach materials that reflect recent presentations about important economies.

Regional Development

Economists in ARE address various dimensions of regional economics, including the impact of large developments, the effect of residential growth on local government budgets and property tax rates, farmland preservation tools and how to best manage growth pressures.

Developing an Outlook Talk

These resources are intended to give Southern Region Extension personnel the tools with which to develop an “outlook talk.” An outlook talk is a presentation that gives farmers and other interested parties information about agricultural commodities’ and agriculture-related products’ demand and supply conditions in the near future. It is not intended to be a crystal ball, but rather a comprehensive look at the trends that might influence demand or supply, thus affecting prices and production. The manual follows along with a set of slides used in several outlook talks in the spring of 2008. To facilitate learning, current databases used to create charts and figures are also made available for download below.

Economic Outlook Faculty

Nicholas Piggott

Professor and Extension Specialist

Jeffrey Dorfman

Hugh C. Kiger Distinguished Professor