Consumer spending is strong and unemployment is low, but some say some financial forces could signal a cooling of the economy.
Jason Norris, a certified financial analyst based in Portland, Oregon, told Idaho Matters while indicators are pointing towards a recession, it probably won’t be as bad as the one we saw in 2008.
“Expansions don’t die of old age. Something has to bring an economic expansion to an end.”
Some of the indicators he’s looking at? Idaho farmers may feel the impact of changing tariffs with China.
“We’ve seen what’s happened to the soybean farmers in the midwest,” says Norris. “I don’t know, the state of Idaho and the farmers may have a better sense of what’s going on but that could be another longer term risk depending on how that plays out.”
And it doesn’t just play out in agriculture —Idaho tech company Micron has also been caught up in intellectual property disputes between China and the U.S.
So from crops to memory chips, these global marketplace clashes will be felt here in Idaho.