REMI (Regional Economic Models, Inc.) releases the potential state-level economic impact of the “fiscal cliff,” available online here.
If not resolved, the fiscal cliff could result in a loss 4.0 to 4.2 million jobs nationwide, a reduction of 350 to 400 billion dollars in gross domestic product (GDP), and an increase in the unemployment rate by 2.5% or more.
State-by-state and detailed national economic impacts are shown here. These results are shown in REMI’s new online forecast database, eREMI.
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