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NC State Economist

Economic Outlook for 2025

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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.

Key Highlights:

  • Expecting steady growth in 2025
  • Recession possible due to potential major government disruption or geopolitical risks
  • Animal agriculture looking up, but most crops face declining prices
  • Top risks are geopolitical disruptions, major government reform difficulties and international trade disputes