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Economist warns of Portland ‘doom loop’
A year ago, local economist Mike Wilkerson described Portland’s image as a “dumpster fire.” On Thursday, he cast himself as a skunk at a picnic when he warned the city could be on the verge of entering a “doom loop.”
Wilkerson spoke at the Portland Metro Chamber’s annual economic forecast at the downtown Hilton. He’s a partner at ECOnorthwest, a public policy consultant that frequently contracts with regional businesses.
In roughly 40 minutes of remarks, Wilkerson said Portland’s population trends, job growth, leasing activity and new housing construction suggest the city’s economy is in dire shape.