1. NAPM Regional Economic Update January 15, 2013 Grant D. Forsyth, Ph.D. Chief Economist Grant.Forsyth@avistacorp.com

2. The Regional Economy: Looking for Green Shoots Your are here..

3. U.S. GDP Growth Forecasts to 2017 Source: IMF, Global Insight, Economy.com, FOMC, Bloomberg, Blue Chip, Wall Street Journal, WA Governor’s Council of Economic Advisors, The Economist, and author’s calculations.

4. Unemployment Rates, 2011-2012 Source: BLS and author’s calculations.

5. U.S. Unemployment Rates by Cohort, 2012 Source: BLS and author’s calculations.

6. Non-Farm Employment Growth, 2009-2012 Source: BLS and author’s calculations.

7. Non-Farm Employment Growth Forecast, 2013

8. Population Growth, 2011-2012 Source: U.S. Census, OFM, and author’s calculations.

9. Population Growth Forecast, 2013

10. Spokane Taxable Sales Growth, 2008-2012 Source: WA DOR and author’s calculations.

11. Taxable Sales Growth Forecast, 2013

12. Spokane Real Median Household Income and Spending, 2004-2011 Source: OFM, BEA, and author’s calculations. +9% -2% -20% -9%

13. Existing Home Price Growth, 2011-2012 Source: FHFA and author’s calculations.

14. Existing Home Price Growth Forecast, 2013

15. Spokane+Kootenai Bank Performance, 2Q 2008-2Q 2012 Source: FDIC.

16. Spokane+Kootenai Growth in Residential Units Permitted, 2011-2012 Source: Construction Monitor and author’s calculations.

17. Top 20 Spokane-Area Construction Projects, Journal of Business, 2012 Source: Journal of Business and author’s calculations.

18. Monthly Leading Indicator, 2011-2012 Source: WA ESD, Economagic.com, Census, and author’s calculations.

19. Washington Per Capita Federal Procurement Dependency Relative to U.S., 2010 Source: Census, BEA,and author’s calculations. Benton-Franklin ($12,400), Klickitat, Kitsap, Garfield, King. Spokane ($788) U.S. ($1,670)

20. The Regional Economy: Looking for Green Shoots Your are not here…yet..