Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Economic Outlook

Economic Outlook

Ratings: (0)|Views: 72|Likes:
Published by Brackett427
Presentation by Dr. Arun Raha, Chief Economist & Executive Director, Economic and Revenue Forecast Council, State of Washington at the Horizons 2012 economic forecast event of the Tacoma-Pierce Co. Chamber on Jan. 13, 2012. Posted with permission.
Presentation by Dr. Arun Raha, Chief Economist & Executive Director, Economic and Revenue Forecast Council, State of Washington at the Horizons 2012 economic forecast event of the Tacoma-Pierce Co. Chamber on Jan. 13, 2012. Posted with permission.

More info:

Published by: Brackett427 on Jan 13, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

01/13/2012

pdf

text

original

 
WASHINGTON STATE
ECONOMIC AND REVENUE FORECAST COUNCIL
Economic Outlook
Presented toHorizons Economic Forecast
Arun RahaChief Economist & Executive DirectorJanuary 13, 2012Tacoma, Washington
 
Arun RahaEconomic OutlookJanuary 13, 2012
Slide 1
WASHINGTON STATE ECONOMIC AND REVENUE FORECAST COUNCIL
Summary
Events are unfolding as expected in the Novemberforecast
However, the uncertainty in the baseline remainsvery high, mostly due to out-of-state factors
Within WA, there is fiscal drag from decliningstate and local government budgets
Revenue growth has been restrained due to astagnant construction sector
Revenues since the November forecast are $20million (1.2%) above expectations
Events to date since the November forecast do not
indicate the need for a significant forecast revision
 
Arun RahaEconomic OutlookJanuary 13, 2012
Slide 2
WASHINGTON STATE ECONOMIC AND REVENUE FORECAST COUNCIL
The state’s risk matrix shows most
risks from outside state
   W  a  s   h   i  n  g   t  o  n   ’  s
   E  c  o  n  o  m  y
EUROPESovereignDebt
GREITAIRLESPPO
EUROPEBanksU.S.Banks
DEUFRA
Political Gridlock InWashington DC
Debt limit debate
Super CommitteeWeak consumer and business confidence
State of Washington
Pluses
AerospaceSoftwareExportsAgriculture
Minuses
ConstructionState & LocalGovernment
Source: ERFC

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->