Economic growth for U.S. cities will depend on mix of industries
Share Now on:
A new report out Monday forecasts the biggest cities in the U.S. will fare differently in an upcoming global economic slowdown, depending on their mix of industries, cost of living and quality of life. The forecasting firm Oxford Economics said San Francisco will grow fastest over the next two years at an average of 2.4% a year, thanks to its strength in the tech sector.
Oxford Economics projects Chicago’s economy to see the slowest growth, at 1.4%, due to multiple factors, including mounting pension debt and uncertainty over future tax policy, as well as regional economic factors such as population declines and the slowing manufacturing sector.
Click the audio player above to hear the full story.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.