Economic Revenue and Forecast Council provides updated state forecast
OLYMPIA — Dave Reich, executive director of the Washington Economic Revenue and Forecast Council, provided an updated economic forecast for the state during the council’s regular Feb. 14 revenue review meeting in Olympia. “I think that's probably the main message, is it's not a recession,” Reich said. “That's not part of our base case, but just a slowly growing economy.” Reich elaborated on what it means to forecast a slow-growth economy. “Nationally that means slow employment growth, it means inflation will continue to trend down slowly from where it is now and i...