economic forecast

  1. May 18, 2024

    U-M forecasts: Michigan economy strong, U.S. holds up amid inflation

    Michigan’s economy is off to a strong start this year and expected to experience steady job growth, while the U.S. economy as a whole offers a slightly noisier picture, according to U-M economists.

  2. November 16, 2023

    Economic forecast sees modest growth; uncertainty remains

    The U.S. economy should avoid a recession over the next two years, though economic growth is expected to be modest, according to U-M economists.

  3. November 17, 2022

    U-M economists expect ‘mild recession’ for Michigan

    U-M economists predict a mild U.S. recession is likely in store to whip inflation, though there’s hope the strength of the automotive sector will shield Michigan from the worst effects of that potential downturn.

  4. November 19, 2021

    Michigan economy recovering but inflation, supply strains concerning

    Michigan’s economy is recovering from the pandemic-induced recession at a faster pace than previous downturns, but a sharp rise in inflation and supply chain difficulties have been souring perceptions of the economy.

  5. November 18, 2021

    U-M economists see signs of U.S. growth amid volatile picture

    The U.S. job market has been recovering despite pandemic waves, inflation woes and supply chain strains, yet those and other barriers could threaten broad, sustained economic momentum.

  6. November 20, 2020

    State forecast: Slow emergence from COVID-19 recession

    Michigan’s economy is expected to gradually emerge from the pandemic-induced recession, but the pace and degree of the recovery will vary widely, U-M economists predict.

  7. November 19, 2020

    U.S. forecast: Economic growth slowing until vaccine is available

    U-M economists expect a rebound in economic activity, falling unemployment and life returning to “close-to-normal” by the end of next year in the United States as the nation and world recover from the pandemic.

  8. March 19, 2020

    U-M economists: New models see coronavirus-induced recession

    U-M economists now expect a U.S. recession caused by the coronavirus, though a rapidly evolving, uncertain situation makes drawing firm conclusions difficult.

  9. November 22, 2019

    Michigan’s economy weathers a challenging year

    The UAW strike, the trade war and job cuts at Ford and GM all contributed to slow annual growth for Michigan’s economy, but U-M economists foresee sustained growth for 2020 and 2021.

  10. July 15, 2019

    Top research universities to partner with Detroit on economic forecasting

    A U-M unit will lead a partnership with Michigan State and Wayne State universities to provide Detroit-specific economic data analysis and forecasting services to Michigan’s largest city.