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, allow 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.