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The opinions expressed in this presentation reflect the views of the author and not necessarily those of the Port Author

NJ Treasury Economic Outlook Conference November 20, 2013 Alexander Heil, PhD Chief Economist Planning & Regional Development Department The Port Authority of New York & New Jersey.

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The opinions expressed in this presentation reflect the views of the author and not necessarily those of the Port Author

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  1. NJ Treasury Economic Outlook ConferenceNovember 20, 2013Alexander Heil, PhDChief EconomistPlanning & Regional Development DepartmentThe Port Authority of New York & New Jersey The opinions expressed in this presentation reflect the views of the author and not necessarily those of the Port Authority of NY & NJ.

  2. Presentation Content • Port Authority Economic Region • County-level Recession Experience • Regional County & Industry Projections • Based on Q3 2013 Baseline Forecast • Q&A

  3. 18-County Port Authority Region

  4. Employment Recoveries in NY & NJ Counties Source: Oxford Economics Global Macro Model run by PA Economics Unit

  5. County Level Recession Experience Q1/2009 TODAY Source: Oxford Economics Global Macro Model run by PA Economics Unit

  6. PA Region Employment by Sector Source: Oxford Economics Global Macro Model run by PA Economics Unit

  7. NJ Counties Employment by Sector Source: Oxford Economics Global Macro Model run by PA Economics Unit

  8. County-level Employment Projections Source: Oxford Economics Global Macro Model run by PA Economics Unit

  9. Industrial Sector Forecast Source: Oxford Economics Global Macro Model run by PA Economics Unit

  10. Forecast Summary [as of Oct 2013] Source: Oxford Economics Global Macro Model run by PA Economics Unit

  11. Economic Outlook – November 2013 Any Questions? Alexander Heil, PhD Chief Economist Planning & Regional Development Department The Port Authority of New York and New Jersey 233 Park Avenue South, 11th Floor, New York, NY 10003 aheil@panynj.gov

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