New Economic Forecast Available

The Washington Economic and Revenue Forecast Council (of which I am a member) released its Washington State Economic Review on Friday. The document is a pretty good read. It comes out a week before our revenue forecast does and experienced tea leaf readers can often predict the revenue forecast from this document.

Flat is the new up.

We’re expecting a relatively flat forecast. This means that for the first time in almost 2 years our previous forecast will line up with our new forecast. This is a pretty good sign, but one I will have to eat if we have a significant negative surprise in the forecast on Friday.

http://www.erfc.wa.gov/pubs/feb10.pdf

About the Author

Ross
I am the Director of the Department of Early Learning for Washington State. I formerly represented the 48th Legislative District in the State House of Representatives, chairing the Appropriations committee and spent many a year at Microsoft.