Written byJeffrey H. Dorfman, Hugh C. Kiger Distinguished Professor
Department of Agricultural and Resource Economics, NC State University

In this issue of the NC State Economist, Hugh C. Kiger Distinguished Professor Jeffrey Dorfman recaps the economy in 2024 and predicts economic trends for the upcoming year.

• Expecting steady growth in 2025
• Recession possible due to potential major government disruption or geopolitical risks
• Animal agriculture looking up, but most crops face declining prices
• Top risks are geopolitical disruptions, major government reform difficulties, and international trade disputes