CROWE and Young America’s Foundation are bringing Arthur Laffer to speak at UW Madison today (Grainger Hall, Plenary Room, 5:30-6:30 CT). The timing is fortuitous, as the state Senate is moving forward on passing AB386, which would exempt some portion of retiree income from taxes (up to 100K for single filers, 150K for married filing jointly), and drop the tax rate.
Category Archives: Wisconsin
Walker’s Folly (as well as the WisGOP)
Recession: The View from Wisconsin Business
Of Technocrats and Ideologues in Economic Data/Analysis Dissemination
I’ve gotten jaded by getting regular emails alerting me to the fact a new Wisconsin Economic Outlook Forecast or Monthly Economic Update (the latest just out, here). In addition, DoR has substantially expanded its interactive data visualizations here. But after a little thought, I really have to say it’s been a sea change in openness since Governor Walker exited.
Wisconsin GDP through ’23Q1
State level GDP figures for Wisconsin was released last week. Here’s a picture of that series, compared to the Evers Administration’s forecast, and a naive forecast based on US GDP and lagged WI GDP.
The Labor Market – Bargaining Power, Wages, Inflation
From WPR yesterday, UW Madison experts:
The Wisconsin Economic Outlook: Downturn Delayed (but Not Erased)
The Wisconsin Department of Revenue’s Economic Outlook May forecast came out yesterday. As the US outlook (from S&P Global Market Insights, formerly Macroeconomic Advisers and IHS Markit) has improved, so too has that of Wisconsin.
Wisconsin GDP in 2022
Wisconsin GDP growth slackened in 2022Q2-Q3, lagging the national deceleration.
Wisconsin Economic Outlook, Benchmark Revised Wisconsin Employment and GDP
The February Wisconsin Economic Outlook forecast was just released yesterday. So too were January 2023 estimates for Wisconsin employment (incorporating annual benchmark revisions). How does the outlook look, given the data revisions? Pretty good in the short term. Over the next year – reflecting the forecast for the Nation – not as nice, with employment projected to decline modestly.
The Wisconsin Economic Outlook and the Impact of Recent Policies
Last Thursday, I talked on WPR’s Central Time about the national economy and Wisconsin’s outlook given President Biden’s policies. I noted that the macro outlook had improved substantially since last December, as the economy proved more resilient than expected, and inflation decelerated more than anticipated. That was true nationally, as well as locally.