A Baltimore economist known for his sense of humor left the punchline of his New Castle County Chamber of Commerce speech Tuesday to the last bit of his presentation: “It will come nearly a year after I initially anticipated, but recession is coming in 2024,” Anirban Basu told the 200 people attending the chamber’s sold-out annual State of the Economy …
The way Delaware handles its budgets, a growing population and efforts to diversify the state economy all help the state continue to earn a AAA bond rating, which means the state pays less when it wants to borrow money. For example: The state received bids last week for its upcoming sale of $380 million of triple-A rated General Obligation Bonds …
Delaware is among the most financially challenged states, a website has concluded after crunching six factors relating to personal finance. Uplift Legal Funding, which gives lawsuit loans to plaintiffs in need, looked at these stats (followed by Delaware’s figures): • Consumption of annual income (97.4%). • Percentage of income saved (2.6%). • Household debt-to-income ratio (1.5). • Personal bankruptcy rates …
Delaware economic experts on Monday predicted a budget surplus of $667.1 million for fiscal year 2024, but warned the state is likely already in a recession that could affect that forecast. During the meeting of the Delaware Economic and Financial Advisory Council, revenue officials said they expected announcements that a recession either started last week or will this week. The …
