Home arrow Latest News arrow State revenue forecast shows very slow economic expansion
State revenue forecast shows very slow economic expansion Print E-mail

Oregon's quarterly revenue forecast, released today, shows very slow economic growth in the next biennium, as well as the current month.  "Oregon’s economic expansion persists, but remains stuck in a low gear. Growth continues to come in fits and starts – a strong quarter or two followed by a weak quarter or two – with the underlying trend remaining slow and steady," the Office of Economic Analyis reported.

For the current biennium, revenues are up by $30.5 million, compared to September projections.  For 2013-15, revenues are up nearly $55 million, to a projected total of nearly $16.5 billion.  For the complete report, please access the Office of Economic Analysis website.