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NAFCU Chief Economist and Vice President of Research Curt Long explores economic indicators, recent survey data, and the NCUA’s proposed 2024-2025 budget in a new economic update video.

On the economy, Long notes the slowdown in activity, but says it’s a good thing as the slowdown is controlled: “We’re not seeing a nosedive in the economy that would cause us to worry about a recession.”

He also reviews some of the “disappointing” provisions of the NCUA’s proposed budget. Long testified at the agency’s public hearing on the proposal last week.

Watch the full video. For more economic updates from NAFCU's award-winning research team, view NAFCU's Macro Data Flash reports.