US EditionHow Trump tariffs are clouding NZ's economic outlook
- Oregon's economy faces slower growth and a revenue shortfall of nearly $756 million for its two-year budget cycle ending 2027 due to tariff impacts and federal uncertainty.
- This fiscal challenge follows forecasts showing national growth shrinking from an expected 2% to about 0.8% in 2025, largely because of tariffs imposed under President Donald Trump.
- Economic sectors like manufacturing and construction are especially affected, while the state's major revenue sources—corporate and personal income taxes—are projected to decline amid broader labor market instability.
- Oregon Senate Majority Leader Kayse Jama warned these federal policies threaten recession risks, with the state's Office of Economic Analysis estimating a 25% chance of recession within 12 months.
- Experts including Riccadonna emphasize the situation’s sensitivity to unclear federal policies, noting sluggish growth and higher unemployment through 2025, though they remain cautiously optimistic about 2026 and 2027 if tariffs decline and rates fall.
17 Articles
17 Articles
Federal chaos leaves Oregon’s economic outlook sluggish, uncertain, short hundreds of millions
Uncertainty from President Donald Trump’s tariffs have thrown a wrench in state revenues previously expected to grow by hundreds of millions of dollars, state economists report. Forecasted growth in the national and state economy has deteriorated in the last few…
Federal chaos leaves Oregon’s economic outlook sluggish, uncertain, short hundreds of millions - Salem Reporter
Uncertainty from President Donald Trump’s tariffs have thrown a wrench in state revenues previously expected to grow by hundreds of millions of dollars, state economists report. Forecasted growth in the national and state economy has deteriorated in the last few months, leaving Oregon lawmakers to craft a two-year state budget with nearly $756 million less than they anticipated, according to the latest revenue forecast from the state’s Office of…
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