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Windmills and a rainbow

Latest Outlook

  • A slowing Chinese economy, the potential for a Greek exit from the Eurozone, and geopolitical instability in the Middle East and Eastern Europe all remain major threats to the U.S. and Washington economies.
  • Continued strength in employment and job openings data and lower oil prices suggest potential upside risks to the forecast.

Four times each year, three state economic and revenue forecasts must be prepared; an official forecast, an unofficial forecast based on optimistic economic and revenue projections, and an unofficial forecast based on pessimistic economic and revenue projections.