Hardware Podcasts

A Look at the State of US Manufacturing Headed Into 2025 w/ Thom Walstrum

The Manufacturing Executive · 3 Dec 2024 · 32m · Episode 234

What this episode covers

Thom Walstrum, a principal business economist at the Federal Reserve Bank of Chicago, discusses the current state and outlook for US manufacturing. He explains that high interest rates have suppressed investment in durable goods, but rate cuts are expected to stimulate growth in 2025. Walstrum also analyzes the long-term structural shift where manufacturing's share of GDP declines as the service sector expands, a trend observed globally in countries like China and Germany.

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large enterprises

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Companies
Federal Reserve Bank of Chicago, AMT
Also
Financial Times

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