Oregon Manufacturers and Commerce issued the following statement upon reviewing the Oregon Office of Economic Analysis quarterly economic and revenue forecast:

“Even as manufacturers continue to face lingering challenges from the COVID-19 pandemic, particularly with respect to supply chains and labor shortages, the industry faces the looming threat of an economic recession. This threat is compounded by Oregon’s heavy tax and regulatory burden, which continues to drive manufacturers to invest in more business friendly states. Today’s forecast should serve as a clarion call to action for our state’s elected leadership to protect Oregon jobs, to restore a collaborative relationship with the employer community, and to support policies that will lead to sustained economic growth over the next decade.”