LAS VEGAS (KLAS) — A survey of native enterprise leaders exhibits greater than half predict the U.S. financial system will slide right into a recession inside the subsequent two years, in line with a quarterly report launched by UNLV’s Middle for Enterprise and Financial Analysis.
In accordance with the Southern Nevada Enterprise Confidence Index, when requested to foretell the subsequent U.S. recession, 55.8 p.c responded the U.S. financial system may slide right into a recession inside the subsequent 24 months, whereas barely greater than 30 p.c did not see any recession occurring in that timeframe. The remaining respondents mentioned the nation was already in a recession or predicted it might occur subsequent yr.
Forty-one p.c of enterprise leaders mentioned their outlook of U.S. financial circumstances was higher for Q2 than it was within the first quarter of 2025. Nevertheless, relating to financial circumstances in Nevada, enterprise leaders expressed considerably much less optimism within the upcoming quarter. Round 35 p.c predicted it might be higher, whereas the bulk anticipated it to remain the identical or be worse.
Andrew Woods, the director of UNLV’s Middle for Enterprise and Financial Analysis. (KLAS)
“I think the economy locally still is strong,” mentioned Andrew Woods, director of UNLV’s Middle for Enterprise and Financial Analysis. “Where we’re concerned is that the national outlook is certainly dampening… there’s these shocks essentially happening to the economy. In this case, tariffs and with that is uncertainty in how businesses are responding. So far, it’s more of a wait-and-see approach.”
4 in 10 native enterprise leaders did categorical optimism about elevated gross sales in Q2. The remaining consider gross sales would be the identical as Q1 or worse. The largest challenges for employers had been financial uncertainty and hiring certified individuals.
The report exhibits an total index enhance from 90.4 within the final quarter of 2024 to 105.7 for Q1 in 2025. The report identified that Clark County had “relatively negative economic signals” close to the top of 2024. Unemployment elevated, taxable gross sales had been decrease, gaming income declined and fewer airline passengers visited.
Woods added that the CBER is just not predicting a downturn however is revising the forecast to replicate decrease development this yr.
Woods will focus on the report on Politics Now hosted by John Langeler on Saturday at 11:30 p.m. on 8 Information Now.
