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New report: US metros set to out-perform, led by Portland & San Jose
All of the 7 leading metros in the Pacific region look set to outperform the national economy, reflecting in part the importance of high-technology manufacturing and the information sector to many of them, plus softer factors such as quality of life
The four weakest of our top 30 metros are, perhaps predictably, to be found in the Midwest, where the weight of legacy industries means that Cleveland and Detroit manage to grow by just 1.8% and 1.7% annually in the 2014-18 period. It’s poor comfort that in Europe, those would be average performances for large metros.
There’s also the ever-present matter of risk, with international dangers making it possible that economicgrowth will be more troubled than we assume. However, under most scenarios it still seems right to expectleading metros to comfortably out-perform the national average growth rate, almost whatever that might be.