The Real Economy: May 2024

How regulations and rate cuts are driving the shift to renewable energy

As renewable energy projects contend with regulatory hurdles and a challenging investment climate, it’s easy to lose sight of the progress being made in the transition away from fossil fuels.

In the May issue of The Real Economy, RSM Economist Tu Nguyen looks at this dynamic and offers her outlook for renewable energy. Even though the road to a sustainable future continues to be rocky, it holds the promise of economic prosperity as emissions fall, she writes.

Innovation is not an option—rather, it is a fundamental requirement to compete in the modern economy.
Joe Brusuelas, Chief Economist

Also in this issue, RSM Chief Economist Joseph Brusuelas and Irina Im look at the shift to electric vehicles and its implications for American trade policy—specifically, the potential for protectionist policies against imports of Chinese-made electric vehicles.

We look at these topics and more in this issue of The Real Economy.

Inside the May issue

RSM contributors

The Real Economy Livestream series

Midyear update on the middle market economy

Join RSM US Chief Economist Joe Brusuelas and U.S. Chamber of Commerce Executive Vice President Neil Bradley as they discuss the economic outlook and what middle market companies should anticipate in the coming months.

May 30, 2024 | 1 p.m. ET

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Timely economic analysis and trends to help middle market businesses succeed

Q1 2024 Middle Market Business Index (MMBI)

RSM US Middle Market Business Index shows a sustained expansion

Key findings:

  • The MMBI eased slightly to 130.8 from 132.3 at the close of last year.
  • Nearly two-thirds of executives said they expect an improvement in economic conditions over the next six months.
  • Sixty-seven percent said they anticipate an improvement in both net earnings and revenues later this year.

Also from The Real Economy

Monthly economic analysis report for the US middle market

The Real Economy Blog

The Real Economy Blog was developed to provide timely economic insights about the middle market economy. It is offered as a complement to RSM’s macroeconomic thought leadership, including The Real Economy monthly publication and the proprietary RSM US Middle Market Business Index (MMBI).

The voice of the middle market

Middle market organizations, which make up the “real economy,” are too big to be small and too small to be big. They have distinct challenges and opportunities around resources, labor, technology, innovation, regulation and more.