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State of the Economy for US Manufacturers
Dr. Eyler will provide a macroeconomic overview and a look at indicators from the manufacturing industry to provide an outlook toward 2025 for the industry. Recent geopolitical events may provide more stimulus to some parts of manufacturing versus others, and generally global forecasts have become slightly more optimistic with some rising challenges.
With an upcoming presidential election and some organizational issues in Congress, there may be budget concerns in rolling out recent plans such as the CHIPS Act and Inflation Reduction Act to help boost manufacturing activity in the United States. A slower-moving economy, even with continued, robust labor markets, also acts as a headwind.
Dr. Eyler will explain in what ways these changes may all affect manufacturing as the first half of the 2020s nears its end.
4 things you will learn:
- The latest forecasts for the American economy (labor market, inflation, GDP growth, interest rates, general economic change)
- How those changes relate to manufacturing: reactions within the manufacturing sector
- Changes in manufacturing employment by state: major changes in 2023 to watch in specific states
- Global supply chain changes and pressures: 2024 and 2025 outlooks