Watch the Economic Review here. “Revenues have come in above target,” Raha said.

February 8th, 2010 by Niki Reading | Filed under Uncategorized.

“Events have pretty much unfolded along the lines we expected in November… the economy is now at a point where it will start adding jobs again,” Dr. Arun Raha, chief economic forecaster, said — after his customary opening joke.

Raha said we’ll see economic growth in 2013. He said the strength of community banks is “a worry.”

“The average workweek, overtime hours and hourly wages all increased,” he said — all positive. “This is the first time since this recession began that revenues have come in above target. We anticipate a cumulative positive variance of $45 to $50 million through the Feb. 10 collection period.”

Watch below. And don’t forget this Friday is the Economic and Revenue Forecast Council live on TVW. That’s when Raha will combine the figures from the economic review with the caseload forecast and other indicators to come up with a forecast. Read all about how he does the forecast here.

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One Response to “Watch the Economic Review here. “Revenues have come in above target,” Raha said.”

  1. Day 29: Let’s review | 8/02/10

    [...] Arun Raha said the state’s economy is headed in the right direction. Don’t forget that the caseload forecast is on Wednesday and the Economic and Revenue Forecast [...]