2008 Maine Economic Forecast


At Mainebiz Online, I, along with seven other Maine economists, make their economic forecasts for 2008. One point of clarification: where I was quoted as saying “I would keep my eyes on Augusta;” I mean from the perspective of taxation. There have been folks calling for higher taxes to close the current $100 million plus budget deficit. Including Christopher St. John from MECEP–who, by the way, is not an economist. No economist would recommend raising taxes as the economy slips into a recession.