February 13, 2020--Today PICA hosted its 2020 Regional Economists Meeting at the Federal Reserve Bank of Philadelphia. Representatives from IHS Markit, the City’s economic forecasting consultant, presented the structure of their economic model and major forecast assumptions. Marisa Waxman, the City’s Budget Director, followed with a presentation on preliminary revenue growth forecasts for fiscal years 2021-2025. Herb Taylor, formerly of the Federal Reserve Bank and Temple University, moderated the program and led the discussion. The purpose of this meeting was to garner feedback from attendees on the City’s economic growth and revenue projections along with insight into the local economy.

You can view today's presentation here:

Presentation-IHSDownload

View a gallery of photos from today's meeting below:

(L-R) Herb Taylor, Marisa Waxman, Kevin Vaughan, Jim Diffley, Tom Jackson

Harvey Rice, Executive Director, PICA

Kevin Vaughan, Chair, PICA Board

Herb Taylor, Moderator

Jim Diffley, IHS Markit

Tom Jackson, IHS Markit

Marisa Waxman, Budget Director