Insight
US GDP growth by state: winners and losers to 2035
Report summary
While resource producing states are suffering, non-resource states are enjoying robust growth – supported by low gasoline prices and improved household purchasing power. This is helping to offset poor growth in resource states.within the US varies from one state to another. States with extensive oil and gas activity are suffering from layoffs in the sector and a slump in capital spending. Could low oil prices drag these states into recession? Economic growth Over the longer term, state economic growth will be heavily influenced by demographics. We expect US GDP growth of around 2% per annum, but with significant regional variation. The South and West will outpace the rest of country owing to migration flows from the Northeast and Midwest. Texas and Florida in particular should benefit from inward migration.
Table of contents
- US GDP growth by state: winners and losers to 2035
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global lead short-term outlook May 2024
A fourth consecutive month of minimal Chinese exports is supportive of prices that have lifted alongside a surge in cancelled LME warrants.
$5,000
Insight
Notes from the road: tight oil operator plans for 2024-2025
The annual DUG conference is the best ‘boots on the ground’ barometer for tight oil trends. COP, FANG, DVN, APA and bpx all presented.
$1,350
Insight
Global economic outlook Q2 2024: sticky inflation delays rate cuts and growth pivot
Interest rate cuts in developed economies may be delayed and tempered.
$950