From all indications, economic growth over the next year will be slower than in the last year. In July, citing trade-war weakness, the International Monetary Fund cut its 2019 growth estimate for the world economy from 3.3% to 3.2%, though it does expect some bounce-back next year. Looking more specifically at countries and regions that together form more than half of the world’s economy, it expects 2019 real GDP growth in the United States of only 2.6%, slowing to 1.9% in 2020. In both the EU and United Kingdom, it expects 1.3% for 2019. In Japan, it expects less than 0.9%.

This is important information for government units, firms, and organizations that think on a grand scale — but most people I know are more interested in what’s going on in their neighborhood. Unfortunately, there are no regularly published GDP data for zip codes and neighborhoods, but we do get data on state economic activity and what to expect in the days ahead.