LEADING ECONOMIST TALKS DOUBLE DIP IN OREGON

Tim Duy, the University of Oregon economist who publishes his index of Oregon economic indicators every month says the state now has a better than even chance of slipping into a double-dip recession.  His index has fallen for five months in a row, now.  Duy says another recession would further erode state revenue collections.  The Governor has already ordered state agencies to plan for a possible billion dollar shortfall within the current biennium.  Duy says the only good news for Oregon is that the economy here has crashed so hard, and rebounded so weakly that it can’t tank as fast and as hard as it did in 2008-2009.

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