US | City Economic Forecast Washington D.C.
Washington has recovered 49% of its lost jobs from the pandemic as of Q1. This was below the US recovery rate of 52%. Washington is expected to see job growth of 2.7% in 2021 and 3.8% in 2022, while GDP is expected to grow 6.7% in 2021 and 2.8% in 2022. With a return of its university students and domestic tourists by the fall, Washington is expected to recover its lost jobs in Q2 2022.
What you will learn:
- With the rollout of the vaccine, students will return in the Fall and many restaurants and hotels will re-open.
- After growing 15% from 2014 to 2019, the metro’s computer systems design sector stayed steady in 2020.
- Population growth is expected to accelerate.
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