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Maine economists say outlook unchanged amid unusually high federal-policy uncertainty; CEFC flags tariffs and federal austerity
Summary
State economists told the Appropriations Committee the Maine Consensus Economic Forecasting Commission left its near‑term forecast largely intact but warned of unusually high uncertainty driven by federal policy shifts and tariffs.
State economists told the Appropriations Committee that the Consensus Economic Forecasting Commission (CEFC) left most of its outlook unchanged on April 1 while emphasizing elevated uncertainty tied to federal policy changes and international tensions.
“Maine may be at greater risk from federal funding and tariff policy changes,” Amanda Rector, Maine’s state economist and CEFC staff, told the committee. She said the commission described the environment as unusually uncertain and flagged rapidly changing tariff policies and likely federal fiscal austerity as principal downside risks to Maine’s outlook.
The CEFC’s spring update made relatively small near‑term changes because uncertainty—particularly about the scope and timing of federal policy shifts—limited the commission’s ability to change long‑range…
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