For the full document, slides and forecast data please see our main website . Oregon Economic Forecast: The Square Root Recovery by Amy Vander Vliet May 27, 2020 Oregon entered into a severe recession virtually overnight due to the outbreak of COVID-19 and the public health measures put in place to contain it. To sign up for email notifications please enter your email address. The economy remains in a Great Recession-sized hole. Oregon Economic Forecast: The Square Root Recovery, Analysis of Almeda Fire Impact Area with Census On-the-Map, Natural Resources and Mining Leads Wasco County’s Payroll Growth in 2019, Umatilla County’s 2019 Payroll Rises with Gains in Information and Health Services, Hood River County’s Payroll Growth Slows Considerably in 2019, Find QCEW Businesses By Name and Industry. Households, particularly higher income ones, are seeing their savings increase as a result. They have money to spend, but not the usual opportunities. State revenue forecast shows encouragement, but caution SALEM — The latest report about how the Oregon economy is doing offers encouragement but als… Facebook Economic and Revenue Forecast September 23rd, 2020 Oregon Office of Economic Analysis Mark McMullen Josh Lehner. We entered the recession on firm footing. The state lost more than one-quarter of a million jobs in March and April (-13.6%), wiping out six years of job growth. When restrictions lift and confidence returns, consumer spending will strengthen. It started with interest rate cuts, followed soon by a variety of programs designed to keep credit flowing and to support businesses and the unemployed. These policies will take the edge of the recession and help restore confidence in the economy. Below is the forecast’s Executive Summary and a copy of our presentation slides. Economic activity and spending are being suppressed due in part to the public health measures put in place following the outbreak. Oregon Office of Economic Analysis 2 Economy in bad shape but tax collections yet to show impacts. For the full document, slides and forecast data please see our main website. Oregon economists on Wednesday morning delivered the latest quarterly revenue and economic forecast to state lawmakers in a virtual meeting. Oregon Office of Economic Analysis 3 19-21 21-23 23-25 Prior to the virus, there were no major weaknesses or imbalances in the economy. Oregon Economic and Revenue Forecast, June 2020 This morning the Oregon Office of Economic Analysis released the latest quarterly economic and revenue forecast. The Federal response has been swift and more targeted than in past downturns. However given the nature of… This morning the Oregon Office of Economic Analysis released the latest quarterly economic and revenue forecast.