Regional forecasts provide state and local leaders and businesses with short-term expectations of the trajectory of recovery. Forecasts incorporate national economic outlooks prepared by the University of Michigan's Research Seminary in Quantitative Economics (RSQE), the US Congressional Budget Office (CBO) Outlooks, and from other vendors such as Moody's Analytics. State level outlooks draw from the Maine Consensus Economic Forecast Committees (CEFC), state specific research and data, and other assumptions. Regional forecasts are prepared using a seven region 80 sector economic model developed by Regional Economic Modeling Inc. (REMI) and are provided for the state and regions that closely coincide with the economic development districts (EDDs). These include Northern Maine (Aroostook-Washington), Eastern Maine, Kennebec Valley, Midcoast, Androscoggin Valley, Greater Portland, and Southern Maine.
Wallace, Ryan PhD, "Maine Economic and Business Outlook - Presented to Maine's Small Business Development Centers and Economic Development Organizations - October 30, 2020" (2020). Presentations. 2.