State Economists Nudge Oregon’s Economic Forecast Down

Although it will take in record revenue, Oregon will have about $500 million less to spend in the 2025–2027 budget cycle than previously forecast.

The Oregon State Capitol building in Salem, circa 1960. Harvey Meston/Archive Photos/Getty Images

Oregon’s economy could be characterized by sluggish growth and higher unemployment for the coming years, according to the state’s economic and revenue forecast released on May 14.

Although the state will take in record revenue in the 2025–2027 biennium—up 12 percent from the 2023–2025 biennium—it will be significantly less than had been predicted just three months ago.