Updated Publications
February 19, 2025
Questions? We've Got Answers: Addressing Issues Impacting the Economic and Financial Outlook
In just four weeks since assuming office, President Trump has issued a record number of executive orders (EOs) and is spinning markets with new tariff announcements by the day. No surprise, this quarter's Q&A is dominated by discussions on potential impacts.
December 18, 2024
Long-Term Forecast
The U.S. economy is forecast to remain above its long-run trend rate of growth in 2024, before normalizing closer to a trend pace in 2025. Even so, the unemployment rate is expected to edge a bit higher, reaching 4.3% in mid-2025 before gradually returning to its long-run average of 4% by the second half of 2026.
December 17, 2024
State Economic Forecast
The New England economy is expected to decelerate gradually in 2025, from its solid pace of growth this year. The rebound in the Middle Atlantic economy through the first half of 2024 has begun to weaken. The Upper South Atlantic region is estimated to have grown roughly in line with the U.S. rate this year. The Lower South Atlantic continues to outperform, with all three states that make up the region outperforming the nation this year.
