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Research Briefing | Apr 27, 2021

US | City Economic Forecast Washington D.C.

City economic forecast Washington

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. 

Tags: CoronavirusMacroNorth AmericaReal EstateRecoveryUnited States
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