"When it comes to GDP and output ... it's actually still positive for 2024, but it is declining and heading into 2025. A result of that, what we forecast to be a result of that is unemployment is going to be ticking higher. There is case scenario in which we don't get a recession, but that doesn't mean robust dynamic growth. That just means spurting by a little bit and still having positive growth."
Closer to Austin, historic state surpluses and federal stimulus money that can be held for another year or more mean local budgets are flush.
#economic-outlook #financial-analyst #government-spend #pandem #austin-area #municipal-budget #recess #gdp #inflat #uncertainti #europ #energy-pric
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