corvallisadvocate.com: https://corvallisadvocate.com/when-oregons-top-economists-started-talking-new-reality-for-the-state-we-thought-wed-better-listen/

Speaker: —
Subject: OR-LEG-H24-ELMER
Source: GDELT news · original
Published: Saturday, May 23, 2026

Oil prices have doubled since Oregon’s top economists last met with reporters and lawmakers to discuss the state’s economic outlook, creating a “new economic reality.” The latest forecast, which economists Carl Riccadonna and Michael Kennedy previewed for reporters Tuesday evening ahead of a Wednesday meeting with the House and Senate revenue committees, is a sharp departure from February’s. Then, higher-than-expected corporate profits, consumer spending and new federal tax cuts had provided a buffer against what was expected to be a steep […]

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