Download Full Report as a PDF>> As of April 1, 2020, the Washington region was home to 6,371,325 residents, an increase of 735,093 people and […]
Category: Blog
Categories
Population Change in 2020
Events
Blog
Download Full Report as a PDF>> The Washington region lost 197,000 jobs in 2020 and the losses during the pandemic were larger than initially estimated […]
Categories
The Washington Region’s Economic Recovery: A 1Q 2021 Update
- Post author By Keith Waters
- Post date February 16, 2021
Events
Blog
Download Full Report as a PDF>> Health Metrics The 2020 Recession has been the result of a health crisis and the health metrics will continue […]
Categories
The Washington Region’s 2020 Recession & Near-Term Outlook
- Post author By Keith Waters
- Post date October 20, 2020
Events
Blog
The 2020 economic recession is the result of the COVID-19 pandemic; activities that were previously safe became higher risk, or had higher uncertainty about their safety, and consumers and businesses changed their behavior in response. This health crisis is not yet resolved and its trajectory will continue to be the main factor in the economic recovery. Similarly, the improving understanding about which activities pose the highest risk and actions that can be taken to mitigate risk will continue to alter consumer and business preferences.
Categories
The Effect of the Coronavirus Pandemic on the Washington Region’s Economy
- Post author By Keith Waters
- Post date March 18, 2020
Events
Blog
The coronavirus pandemic has ended the longest business expansion on record. Unlike prior business cycles, the Washington region’s economy is not disproportionately insulated from its effects and will mirror the trajectory of the U.S. Based on a scenario in which the coronavirus affects normal operations through May 2020, the national economy is projected to contract 0.2 percent in 2020 and the Washington region’s economy will stall, increasing by 0.1 percent for the year. The effects will be most pronounced for service industries that rely on discretionary spending and those that have strong international ties, especially business that rely on international manufacturing.