CHARLOTTESVILLE, Va. (WVIR) -UVA’s Weldon Cooper Center shared its quarterly economic forecast, predicting rough waters ahead for Virginia’s economy.
The center sited back-and-forth tariffs rollouts, mass federal layoffs and a bubble in the construction industry due to data centers.
Its economists believe 2026 could be a year of 0% job growth, with this year already seeing the slowest growth since 2021
“This has been a very challenging year with the ongoing policy uncertainty around both tariffs around federal downsizing and around a number of factors that make forecasting quite challenging,” Weldon Cooper Center Executive Director Eric Scorsone said, “and honestly, I expect more of that throughout the rest of this year.”
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