Wisconsin DOR Releases Economic Forecast Update
Citations: Wisconsin Economic Forecast Update: June 2020
SUMMARY BY TAX ANALYSTS
The Wisconsin Department of Revenue announced the release of an economic forecast update, which includes data on COVID-19 disruptions and expectations of recovery in employment and personal income in 2020 and 2021.
The state is expected to take two years to reach pre-COVID-19 levels of employment, while personal income levels are expected to reach the same levels in first-quarter 2021 as those in first-quarter 2020.