Purdue ag economists have positive outlook for 2024

26 Jan 2024


WEST LAFAYETTE, Ind. — Purdue agricultural economists predict an overall positive outlook for 2024 with modest GDP growth, low unemployment, decreasing inflation and a potential lowering of interest rates.

These findings were recently published in the Purdue Agricultural Economics Report’s annual outlook, including potential outcomes of a delayed farm bill. The U.S. economy performed better than predicted in 2023 despite recession warnings and adverse precursors in 2022,. Purdue University Department of Agricultural Economics experts now look to 2024 and provide insights into the national economy, trade, policy and food prices.

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