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.
Predicting the Economic Future
No individual no matter how talented can perfectly predict the economic future and so these statements can often miss the mark and so it is important that consumers take this uncertainty into consideration. As new information comes to light this may also impact the outlook. An outlook has a limited shelf life of a few months or quarters or when a very significant event occurs.
North Carolina Economic Outlook Series
NC Economic Outlook, 3rd Quarter 2021
As new information becomes available, such as monthly or quarterly economic reports, then these need to be taken into consideration. In the outreach materials in this section you will find various outlooks that reflect recent presentations about important economies.
Tobacco & Peanuts: Blake Brown, November 2021
Dairy Outlook: Brittany Whitmire, November 2021
Agricultural Labor Outlook: Alejandro Gutierrez-Li, November 2021
In the news
Mar 23, 2022
New Fact Sheet Published on Wetlands Law
This publication provides an overview of the historical wetland trends in North Carolina, reviews the evolution and current status of wetland regulations and summarizes the potential impacts of climate change on wetlands in NC.
Feb 9, 2022
New Grant Will Explore the Economics of Hog, Poultry Manure Recycling Technologies
Working with other NC State researchers on a new environmental grant, Eric Edwards will assess the economic outcomes of manure recycling technologies.
Feb 28, 2022
North Carolina Farms Grapple with Labor Shortages
Even with a growing dependence on migrant labor, there still is not enough workers to fill farm jobs across North Carolina.
Dec 14, 2021
NC State Economist: An Update on North Carolina Solar Development and Decommission Policy
Take a look at the current solar energy capabilities in North Carolina and the developing plan for decommission and disposal in the coming years.