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Spokane Journal of Business
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Relating to: 2021 Economic Outlook

2021 could usher in economic reset

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While our previous decade-long ascending economy took an abrupt nosedive in 2020, prognosticators among many economic sectors are looking up for 2021. The extent of their optimism, however, hinges on the rollout of COVID-19 vaccines, or congressional...

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Construction activity likely to be strong in 2021

The 2020 construction season got off to a slow start because of pandemic-induced restrictions. Overa...

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Health care system to continue to be challenged

While Washington state officials say the first COVID-19 vaccinations will be available to select...

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Wood products pricing volatility likely to persist

A year marked by high demand, supply constraints, and mercurial commodities pricing likely will lead...

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Gains expected in much of Inland Northwest

Real estate in Spokane stayed surprisingly strong in most sectors through the pandemic, say industry...

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Full job recovery is possible in 2021, Spokane economists say

If a few positive steps are taken in 2021, the Inland Northwest could regain all of the jobs it lost this year, Spokane-area economists say. Such a recovery might not be V-shaped, but it would be a dramatic comeback, as Avista chief economist Grant ...

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Low interest rates, high deposits to steer finance sector

Experts here say that while financial institutions have seen increases in loans and deposits in 2020, they could feel the squeeze of low interest rates in 2021. In March, the U.S. Federal Reserve lowered the federal fund rate—the benchmark interest ...

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Spokane-area tourism to remain dormant through mid-2021

The tourism industry here expects to see some signs of recovery in 2021 from the stifling effects of the COVID-19 pandemic, but likely not until midyear. Meg Winchester, president and CEO of Visit Spokane, says that by all accounts, 2020 was shaping up ...

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INW mining industry looks ahead with optimism

The mining industry in the Inland Northwest and throughout the U.S. shares some guarded optimism looking forward to 2021 and the incoming presidential administration, says Mark Compton, executive director of the Spokane-based American Exploration & Mining...

Economic models show bump in retail activity next year

While many of 2020’s economic challenges due to COVID-19 will carry into next year, the most recent forecast for the state’s retail industry shows more promise than first expected. At press time, the Washington state Department of Revenue’s most ...

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