Alaska’s Economic Outlook: Forecasting 2025
Oil production rises while prices retreat, and hiring remains challenging all over. Experts provide their insights on what may be in store for Alaska’s economy in 2025.
Tag: Forecast
2023 Alaska Economic Forecast: Ready for recovery, dragged by workforce woes
Alaska’s economy remains among the nation’s lowest performing, yet other indicators suggest potential for growth and recovery in 2023.
AEDC Is Optimistic about Growth in the Anchorage Economy in 2021
While nothing can be certain, projections are that by the second half of the year most of the city’s major industries will see some growth.
State’s Economists Weigh in on 2020 Outlook
Most experts indicate that the Last Frontier has turned the corner and in 2020 will claw its way out of the recession that started several years ago. However, the recovery is not expected to be uniform, as Anchorage remains in recession and many of the impacts of the state’s budget cuts have yet to play out.
Electronic Logging Device Market to Reach $16 Billion by 2025
The electronic logging device market will grow at a compound annual growth rate of more than 4 percent between 2019 and 2025, according to a new report by Global Market Insights, a market research and strategy consulting firm.
Far From Tapped Out
Alaska’s major oil and gas players (and some newcomers) are investing their faith and money in the Alaska Arctic with new and ongoing projects.
Bright(ish) Horizons
By most accounts Alaska’s economy is finally set to emerge from several years of recession. The state’s residents can expect more employment opportunities with about 1,400 new jobs coming online in industries that have been stripping costs and reducing headcounts over the past four years.
Hitting Bottom to Reach the Top
Cautious optimism surrounds forecasts for Alaska’s economy in 2019 as many predict the state’s recession will finally bottom out—making Alaska one of the last energy-dependent states to begin recovery since oil prices tumbled about three years ago.
Q&A with AEDC’s Bill Popp
On April 19 the Anchorage Economic Development Corporation (AEDC) released the “2017 Anchorage, Alaska Cost of Living Index,” sharing Anchorage-centric data from the nationwide Cost of Living Index (COLi), which gathers information from 269 areas.
FERC: State Falls Short Providing EIS Info
“To date, only minimal drafts, and in most cases just outlines, of these plans have been provided, and/or the development of the plans have been deferred to a later date,” FERC said, referring to its past requests of AGDC for proposed mitigation plans for wildlife avoidance, marine mammal monitoring, vegetation and soils restoration, groundwater monitoring, and invasive plants.