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State's top economist: Construction slows but overall economy looks strong

ChangMook Sohn assesses economic strengths, plans to announce bid for treasurer

By Aaron Corvin

ChangMook Sohn, who has served as the state's chief economist for 24 years, will make two important public announcements in February - one that is expected, the other heavily rumored and all but official.

After giving his 94th quarterly forecast of the state's economic health Feb. 14, Sohn will, a week later, officially announce he's seeking the office of state treasurer as a Democrat, he told Washington CEO Magazine. At the end of February, Sohn, executive director of the state Office of the Forecast Council, will resign his current post to focus on his campaign.

"People expect that I will resign," he says, noting his current position is non-partisan, a characteristic for which both Democrats and Republicans credit Sohn with maintaining. Sohn already faces competition in the race for state treasurer: A Republican, Allan Martin, and another Democrat, state Rep. Jim McIntire, have already declared for the position. Voters will decide the treasurer and numerous other state offices, including the governor, as well as the next U.S. president Nov. 4. In the meantime, Washington CEO Magazine asked Sohn to sound off on the state of Washington's economy in this video interview. And be sure to read the March edition of the magazine for more on Sohn, the impact of his decision to leave his current post, and the treasurer's race.
 

What are three of the biggest challenges facing Washingtonbusinesses this year?

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Which sector of Washington's economy do you consider to be the strongest?

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Which sector of the state's economy do you consider to be the weakest?

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How does Washington rank as a place to do business when compared to other states?

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How do you view the economic differences between the eastern and western parts of the state?

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