- As in September, factors outside the state account for the high downside risk to the forecast. A slowing Chinese economy, the uncertainty surrounding U.S. tax and budget policy, the potential for a slowdown in the U.S. housing recovery, and European economic and debt problems all remain major threats to the U.S. and Washington economies.
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.
- November Revenue Review Meeting Materials
- November Economic Review Meeting Materials