A year ago I wrote in the 2024 edition of this report that the U.S. economy was “the envy of the developed world.” Now, with 2024 largely behind us, that characterization generally remains apt. The United States continues to benefit from solid economic growth, minimal unemployment, buoyant equity markets, and inflation more or less under control. From the current vantage point, our economy seems likely to continue on that trajectory for 2025 – barring an unexpected tail event. Though we are not without challenges, Americans can be extremely thankful for our economy’s proven ability to adapt, innovate and grow in a constantly changing world.
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Tom Halverson
Tom Halverson is the president and Chief Executive Officer of CoBank.
CoBank is a $158 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. It’s a member of the Farm Credit System. Visit www.cobank.com for more information.
