Chief economist sees bleak news on horizon
Washington’s chief economist, Arun Raha, had hoped we’d be pulling out of our economic doldrums by now, but he says tax collections are sliding backward and he has a “sinking feeling of pessimism” about a possible new recession. In a grim economic and revenue update released Thursday, Raha said the national outlook has “weakened significantly” in the weeks since his June forecast. He said that forecast assumed improvement would begin in July and then accelerate. But in Washington state, taxes…