US Regional Outlook: The economy is starting to accelerate but at varying rates across the US
An accelerated vaccine roll-out has raised optimism that social distancing measures will be relaxed in the coming months. The stimulus from the American Rescue Act will boost consumer spending over the first half of the year, meaning GDP should surpass Q4 2019 levels in the second quarter. The recovery in the labor market is likely to be more protracted, and could vary widely across US metros. Job growth in 2021 and 2022 is likely to be led by tourism-heavy cities which faced the deepest ruts in 2020; while GDP growth in the medium-term is likely to be led by metros with a tech-focus (e.g. San Jose, Seattle, and San Francisco).
To learn more about our predictions for US states and metros, watch our video below. If you would like to learn more about this topic, complete the form to download the full report.
Tags:
Related Services
Post
Trump’s tariffs pose uneven subnational risks across the EU
Trade tensions between the EU and the US are escalating. Aggressive protectionist policies have been a key instrument for Trump in the opening months of 2025, and the president has indicated that both blanket and sector-specific levies on EU good exports could be imposed within the coming weeks.
Find Out More
Post
Tariffs hurt, even if some are just threats
Tariffs don't have to be imposed to wreak economic harm – threats are enough. So the recent flurry of announcements by the US, followed in some cases by swift postponements, are already increasing trade uncertainty and making it less likely that companies will invest.
Find Out More