Funding for emerging companies is in a lull, but overall, the Inland Northwest’s startup ecosystem is growing, and that growth is expected to continue in 2025.
Despite continued operating losses at Providence and MultiCare in the Inland Northwest, leaders of the two health care systems are expressing optimism going into 2025.
Retail sales in Spokane had a sluggish start through the first half of the year ahead of what's expected to be flat or slightly higher sales through the last two quarters of 2024.
Real estate affordability has been a top concern in Spokane and Kootenai counties this year for both the commercial and residential markets, and high costs are expected to persist in the new year.
A burst of construction activity in the beginning of the year has given way to a development slowdown that's projected to stabilize at a slower rate in 2025.
The war in Ukraine has shown the world that cheap drones and cameras make surprise moves of large formations almost impossible. The same cannot be said about the economic world. Last year the expectation was that in 2023 a recession was likely in the wake of the Fed’s efforts to curtail the post 2020 inflation. Yet here we are in late 2023, no recession yet and growth far above early year expectations.
I have produced annual economic reviews and forecasts for the Inland Northwest for 42 years, and in those four-plus decades I have never been less certain about where the data I follow is pointing. Last year in this space I questioned, “Why, when so many traditional economic indicators looked so positive, are we were not feeling better about the state of our local/regional economy?”