For other reports and posts related to our November 2018 Fiscal Outlook, see here.
Below are summaries of the key economic assumptions underpinning the economic growth scenario through 2023 in our November 2018 Fiscal Outlook. (The outlook also discusses how state revenues would perform in a hypothetical moderate recession scenario.)
The figure below compares our November 2018 near-term economic assumptions to those reflected in the June 2018 state budget package. (The June budge assumptions were based on the Department of Finance’s May 2018 economic forecast.)