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Inforum recently contributed to a PwC report commissioned by Google that explored the economic impacts of government adoption of artificial intelligence.  Using its fleet of international models, Inforum quantified the potential gains in labor productivity, GDP, and income across a range of global economies.

A summary and key takeaways are available here. The full report is available here.

Inforum hosted the 55^th annual outlook conference at the College Park Airport. Following the presentation of the Inforum Outlook, four guest speakers presented on tariffs, immigration, and more. Conference attendees included government, academic, and private industry representatives.

Select conference materials are available, including the conference agenda and outlook slides.

Inforum recently conducted analysis for United for Medical Research’s 2024 report: NIH’s Role in Sustaining the U.S. Economy. This analysis quantified the economic effects of NIH budget increases between FY 2015-2023, focusing on total U.S. jobs supported and total economic activity as output. Two key findings include over 400,000 jobs supported and $92 billion in economic activity generated by the NIH over the nine years of study.

After a two-year hiatus due to the Covid-19 pandemic, Inforum held it’s 53rd annual outlook conference at the College Park Airport. Representatives from government, private industry, and academic organizations participated in the event. In addition to the U.S. economic outlook, topics included fiscal policy responses to Covid-19 economic effects, corporate income,

Inforum recently completed a study for the Sustainable PFAS Action Network which quantifies the economic contribution of key industries which use PFAS as vital inputs. Analyzed industries include aerospace, automotive, battery, medicine, refrigeration and air conditioning, and semiconductor manufacturing.

Input-output analysis and IMPLAN was used to estimate direct, indirect, and induced economic impacts. In total, the analyzed PFAS-related industries help contribute nearly 6.2 million jobs, approximately $560 billion in labor income, and more than $1 trillion towards U.S. domestic GDP.

The full report is available here: Quantifying the Economic Contribution of Key Industries which use PFAS as Vital Inputs

Inforum completed a project for the Asian Development Bank in late September 2022 that involved building an interindustry macro (IM) model for Indonesia.  Inforum worked with BAPPENAS (the Indonesian planning ministry) to develop scenarios to 2045, which is regarded as the 100^th anniversary of Indonesia’s independence. 

The project’s capstone was 2 weeks of onsite training and consultation at BAPPENAS in Jakarta, which also involved meetings with other government stakeholder organizations.  By 2045, it is projected that Indonesia will have the 6^th largest population, and may be in the top 7 world economies, ranked by market GDP (it is already ranked 7th by purchasing power parity GDP).  The study concentrated on addressing constraints to growth, such as female labor force participation, education, and infrastructure development.

Download the full report here.

In a recent study, Inforum economists analyzed the projected long-term trends in health care demand, supply, and funding of health care in the United States.

Inforum employed its LIFT model of the U.S. economy, complete with representation of demand and supply components for health and non-health sectors, to develop a comprehensive and consistent portrayal of developments over the coming 75 years.

The baseline scenario illustrates the potential size and composition of the future economy, together with health needs, supplies, and funding. Scenario assumptions are consistent with key economic and health care projections made by the Trustees of the Social Security and Medicare programs. Given these baseline assumptions, projected spending on health care plausibly may prove sustainable for government and household sectors, and production may prove feasible to satisfy projected levels of demand.

Download the full report here.

The National Association of Manufacturers (NAM) commissioned an analysis using the Inforum LIFT economic model to quantify the impacts of a 15-day closure at the Los Angeles and Long Beach ports. Specifically, it estimates how such a closure would impact U.S. employment, output and income.  Findings show that a port stoppage would result in an estimated $7.5 billion reduction in output and a loss of 41,000 jobs (including more than 6,100 in manufacturing).

A summary of the study can be found on the NAM website.  The full report can be found here.

Inforum contributed to a Third Way (https://www.thirdway.org/) report which calculates employment impacts of a decarbonized economy.  Specifically, Inforum utilized its Status model to analyze impacts of two policy pathways to net-zero emissions.  Key findings include decarbonizing the US economy will result in a net gain of two million jobs by 2050, with the energy efficiency and electric vehicle sectors predicted to record the most growth. 

More information, including the full report, is available at: https://decarbamerica.org/report/employment-impacts-in-a-decarbonized-economy/.  Technical and methodology details can be found at: https://decarbamerica.org/technical-results/.