For other reports related to our November 2019 Fiscal Outlook, see here.
Below are summaries of the key economic assumptions underpinning the economic growth scenario through 2024 in our November 2019 Fiscal Outlook. (The outlook also discusses how state revenues would perform in a hypothetical recession scenario.)
The figure below compares our November 2019 near-term economic assumptions to those reflected in the June 2019 state budget package. (The June budget assumptions were based on the Department of Finance's May 2019 economic forecast.)