Page 20 - FY 2020-21 Revenue Outlook

7.2
2.1 21-Q1 end of the Great efforts to contain
20-21 6.6 2.0 20-Q4 year averaging

FY 6.2 1.2 -0.1 -25.3 20-Q3 20-Q2 of
Projected GDP Growth - April 19-20 2.1 1.3 -3.3 20-Q1 19-Q4

Actual and projected percent change in real GDP by quarter
FY

Gross Domestic Product
Survey Conducted by Wall Street Journal (April 2020)
2.0 2.1 19-Q3 19-Q2
3.1 1.1 19-Q1 18-Q4
Projected GDP Growth - March FY 3.5 2.5 2.9 18-Q3 18-Q2 18-Q1 Calendar Year Quarter The effect of the change in gross domestic product can be seen in the City's receipts as soon as the following quarter. Except for single quarters of negative growth in 2011 and 2014, growth in gross domestic product has been positive since third quarter of 2009, marking the Recession. Growth during the 2019-20 fiscal year was projected at 2.2 percent. F
18-19

FY 17-18 3.5 3.2 17-Q4 17-Q3

2.2 17-Q2
Actual GDP Growth 16-17 2.3 2.0 17-Q1 16-Q4

FY

1.9 2.2 16-Q3 16-Q2

2.0 16-Q1

10 5 0 -5 -10 -15 Percent Change -20 -25 -30 -1.3 percent.