Gov. Spencer Cox, state legislators, economists and even a Federal Reserve Bank president weighed in on Utah’s economic outlook. All essentially agree that Utah is well situated to prosper in 2022. But some of Utah’s most vulnerable are struggling amid record inflation, skyrocketing housing costs and the ongoing impacts of COVID.
Members of the Utah Senate and other lawmakers discussed the state of public and higher education on Thursday during the Utah Economic Outlook and Public Policy Summit.\n
Deseret News
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Steve Griffin, Deseret News
SALT LAKE CITY Utah leaders and economic experts looked ahead Tuesday to recovery and growing pains in 2021 after a year when the state gained thousands of new residents but lost nearly as many jobs.
Utah is poised for an economic rebound this year, said Natalie Gochnour, director of the Kem C. Gardner Policy Institute, speaking at the Salt Lake Chamber’s annual Utah Economic Outlook and Public Policy Summit in downtown Salt Lake City.
“Unemployment will get lower, total wages will grow more and taxable sales will be higher. Those are our forecasts,” Gochnour said as she presented findings from the institute’s Utah Economic Report.