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flag Minnesota's tax revenues soar, yet economic forecasts predict a potential "growth recession."

flag Minnesota's tax collections for February and March exceeded expectations by $244 million, a 7% increase, mainly due to a 20% rise in individual income tax payments. flag Despite this, the state's economic consultant predicts a "growth recession" with low economic growth and rising unemployment, warning of a potential shift to a full recession if stock values do not recover. flag The projected US GDP growth is down to 1.3% for this year and 1.5% in 2026, lower than previous estimates.

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