Regional News

Portland Economy Would Be Hit Hard By Minor Recession

(Portland, OR)  --  Portland's economy is strong, but a recession would cause big budget cuts.  The city economist gave a forecast for government and economy yesterday.  While he expects economic conditions to remain strong for 12 to 18 months, he warns even a minor recession could mean 40 million dollars in cuts to the city budget.  A decrease in building permit applications means the construction boom could begin to subside in the next two years.

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