Here’s where some experts say it stands. · the last time a new mayor was elected in philadelphia , the economy was recovering from a major recession and now three years after the coronavirus pandemic new leaders are poised to take over: We recognize that conditions remain highly fluid, so the three forecast scenarios we present in this edition are not meant as precise estimates of where the us economy will end up. · bloomberg highlights the views of three market visionaries who foresee significant economic risks in the next five to ten years, including labor shortages, viral pandemics, and deglobalization. · looking at the economy , j. p. · since our last forecast in september, we have continued to see a rapidly changing economic and policy environment. Morgan global research forecasts a 35% probability of a u. s. Most dm central banks are expected to either stay on hold or conclude their easing cycle in the first half of the year. And global recession in 2026, and sticky inflation will likely remain a prevailing theme. · the chamber of commerce of greater philadelphia released results of an annual report on thursday with new insight on business expectations for the coming year. · through its philadelphia ’s fiscal future series, the pew charitable trusts, in collaboration with the william penn foundation, is exploring the various possibilities that lie ahead for the city’s finances and economy. · in the decade before the pandemic, philadelphia ’ s economic trends were the strongest in its recent history, featuring slow but steady growth in population and employment, with incomes rising and the poverty rate declining from recessionary highs.

📖 Continue Reading: