Michigan’s Economic Outlook 2025: Growth Projections, Challenges, and Opportunities
Posted by Michael Perna on
Michigan’s economy in 2025 stands at a crossroads. Following a year of economic turbulence and slow growth, the state faces both opportunities and obstacles that demand deliberate, strategic action. While projections point to steady growth this year, a closer look reveals significant challenges in employment, housing, and population retention. At the same time, legislative reforms hold the potential to unlock the state’s untapped potential, setting a foundation for future prosperity.
Economic Growth: A Mixed Outlook
In 2024, Michigan’s economy grew at a slower pace compared to the national average, with real gross domestic product (GDP) expanding by 2.2%. This fell short of the 2.7% growth seen across the country, underscoring the state’s…
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