CHICAGO-The Chicago area economy is expected to post 1.3% growth in 2013, which would be below the national average and considerably below the anticipated growth rate of New York City and Los Angeles.
IHS Global calculated the city of Chicago's 2013 economic growth rate in a report released on Monday for the US Conference of Mayors. The IHS Global report states that one third of all 119 metro areas across the country it studied will post flat or negative economic growth this year.
The national economy is expected to grow by a 1.7% clip this year, while major cities such as Los Angeles and New York are expected to register record growth rates in excess of 2%. See story in the Chicago Tribune.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
