Oklahoma City, November 25, 2025
Oklahoma City’s economy is expected to see moderate growth in the coming years, bolstered by a 1.4% increase in consumer spending and strong business investment. Entrepreneurs are crucial to this growth, yet rising unemployment and inflation pose challenges. Analysts highlight the resilience of sectors like energy while noting the planned developments, such as a new retail store, aimed at enhancing local economic activity. The community’s engagement is vital for navigating these potential obstacles in pursuit of sustained economic stability.
Oklahoma City’s Economic Outlook for 2026: Growth and Challenges
Moderate growth anticipated as challenges loom for Oklahoma’s economy
Oklahoma City, OK – Recent analyses indicate that Oklahoma’s economy is poised for moderate growth in 2026, with projections suggesting a slight increase in real consumer spending and business investment. This growth reflects the resilience of local entrepreneurs who have championed innovation and business development, showcasing the strength of small businesses within the community. However, it is essential to recognize the potential challenges, such as a slight rise in unemployment and inflationary pressures, which may impact the state’s economic trajectory.
Economic Growth Projections
According to Deloitte’s economic forecast, aggregate real consumer spending in Oklahoma is forecasted to grow by 1.4% in 2026 under the baseline scenario. Business investment is expected to remain strong, which is critical in supporting economic expansion in the region. On the other hand, the unemployment rate is projected to rise to 4.5% in 2026, up from 4% in 2024, indicating potential challenges in maintaining a robust labor market.
Inflation and Monetary Policy
Inflationary pressures are anticipated to persist in the state, with the consumer price index projected to remain at or above 3% in 2026. In response, the Federal Reserve is expected to implement a quarter-point interest rate cut in December 2025, with additional rate reductions anticipated in 2026. These measures aim to stabilize the economy and manage inflation effectively, potentially providing relief to both consumers and businesses.
Sectoral Outlook
The energy sector, particularly OGE Energy Corp., has shown resilience in the face of economic fluctuations, with strong earnings bolstered by Oklahoma’s solid economic performance. This trend is expected to continue, further supported by robust consumer spending and ongoing investment within the business community. Additionally, the retail sector is set to benefit from exciting developments, such as the approval of a $100 million Scheels store in Oklahoma City, which is anticipated to significantly enhance local economic activity and create job opportunities.
Conclusion
While Oklahoma’s economy is projected to experience moderate growth in 2026, it faces potential challenges, particularly concerning rising unemployment and inflation pressures. However, through strategic fiscal and monetary policies, alongside continued investment in key sectors, the community can navigate these hurdles and strive for sustained economic stability. Local residents and businesses are encouraged to stay engaged and support opportunities for growth within the Oklahoma City economy.
FAQ
What is the projected growth rate for Oklahoma’s real consumer spending in 2026?
The projected growth rate for Oklahoma’s real consumer spending in 2026 is 1.4% under the baseline scenario.
What is the expected unemployment rate in Oklahoma for 2026?
The unemployment rate in Oklahoma is projected to rise to 4.5% in 2026, up from 4% in 2024.
How is the energy sector performing in Oklahoma?
The energy sector, particularly OGE Energy Corp., has shown resilience, with earnings flourishing under the strong Oklahoma economy. This trend is expected to continue, supported by robust consumer spending and business investment.
What new developments are expected to boost Oklahoma’s retail sector?
The approval of a $100 million Scheels store in Oklahoma City is anticipated to boost local economic activity and benefit the retail sector.
Key Features
| Feature | Details |
|---|---|
| Projected Growth Rate for Real Consumer Spending in 2026 | 1.4% under the baseline scenario |
| Expected Unemployment Rate in 2026 | 4.5%, up from 4% in 2024 |
| Federal Reserve’s Anticipated Interest Rate Cut | Quarter-point cut in December 2025, with additional reductions in 2026 |
| Performance of the Energy Sector | Resilient, with OGE Energy Corp. earnings flourishing under the strong Oklahoma economy |
| New Retail Development | Approval of a $100 million Scheels store in Oklahoma City |
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