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11 <br /> Economic Outlook <br /> • Near Term Phase 3- Executive Order 169 which eased public <br /> health restrictions represents the near term economic prospect <br /> for governments and businesses. The Phase 3 extension will <br /> continue to be monitored in relationship with any impact on sales <br /> tax and charges for services revenues. <br /> • Mid Term UNC-Charlotte 2021 Economic Forecast released <br /> September 23, 2020 is enclosed for your review. UNC-Charlotte <br /> Economic Forecast the Gross State Product (GSP) at 3 . 6% for 2021 <br /> as compared to a forecasted GSP of -4.5 % for 2020. The next <br /> UNC-Charlotte update is scheduled to be released December 10, <br /> 2020. -- <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />