'Economic Report to the Governor' highlights resilient Utah economy

The Kem C. Gardner Policy Institute recently presented its 36th Economic Report to the Governor to Gov. Spencer Cox at the 2024 Economic Outlook and Public Policy Summit, hosted by the Salt Lake Chamber. The report highlights the resilience of the U.S. economy in 2023 and projects continued, albeit slowed, economic growth in 2024.

“The remarkably resilient U.S. economy successfully navigated 2023’s choppy waters of rising interest rates, banking turmoil and moderating-but-still-elevated inflation,” said Phil Dean, chief economist at the Gardner Institute. “Entering 2024 amid full employment, the economy sails into unsettled normalcy. While many economic relationships now follow a path to Please log in to see the rest of this story.