Moody's Talks - Inside Economics

Lessons from the Beehive State

Dec 23, 2025
Join Natalie Gochnour, an expert in Utah's economic landscape, and Adam Kamins from Moody's Analytics as they explore the secrets behind Utah's impressive growth. They discuss the state's unique demographics, governance, and quality of life that attract new residents. The conversation also tackles the latest GDP trends and consumer confidence insights. Dive into Utah's challenges like housing affordability and water issues, along with its diverse economy and the impact of technology on jobs. A lively discussion revealing why the Beehive State buzzes with opportunity!
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ANECDOTE

Utahn Versus Utahan Spelling Debate

  • In Utah, residents prefer the demonym spelled 'Utahn' (U-T) and the legislature passed a bill recognizing that preference.
  • The hosts joked about style guides and spelling differences when Natalie explained local sentiment.
ANECDOTE

From State Budget Office To Policy Institute

  • Natalie described her career path from university economics classes to the governor's office and then to leading the Kem C. Gardner Policy Institute.
  • She framed the institute as a bridge between the university and the state Capitol, producing in-depth analysis for policymakers.
INSIGHT

Demographics Power Utah's Growth

  • Utah's rapid growth is driven first by demographics: high fertility, youth, and sustained net in-migration.
  • Those factors combine with an educated workforce to create durable economic momentum.
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