By Jim Cline
The Washington State Economic and Revenue Forecast Council just released their November report on the State and national economy and like their report last month, it provided mixed news about the state of the economy.
It reports that job growth has been stronger than previously projected, that the October federal government shut down will negatively affect GDP in the 4th quarter of 2013, and that the shutdown affected consumer confidence. A more detailed overview of the economic and revenue situation is described in greater detail in the Council’s “economic and revenue update” released November 13, it identifies that Washington State government revenues are running 3.5% ahead of the initial forecast.
Another useful and readable summary of the Forecast Council’s description of the State economy is contained in this October PowerPoint presentation, which includes detailed charts and graphs outlining the latest economic data.
