World Perspectives

Recession, Maybe Not – More Inflation, Yes

There is new economic data out showing that the economy is not destined for a recession (near term, anyway). The impact of increased interest rates may just delay a recessionary period until next year.  Orders for durable goods were released today. Most categories were up, including metals, industrial machinery, computers and electronics, autos, and defense aircraft. Commercial aircraft orders were down. Overall, durable goods orders are above the pre-pandemic high of February 2020 – right before the COVID lockdowns. This is a positive trend for GDP growth. Technically, a recession is two consecutive quarters of negative growth. The Q1 GDP was down 1.5 percent, and right now, the Federal Reserve Bank of Atlanta’s GDP &ldq...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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