US | Regional Outlook: Metros will recover in 2021, despite near term concerns

With the worst of the job losses behind us, and the outcome of the presidential election final, the country is focused on the distribution of a coronavirus vaccine and a more optimistic outlook for 2021. However, as we enter the new year, a wave of COVID-19 cases and a weaker labor market means the economy carries little momentum.

What you will learn:

  • Continued employment gains have provided hope for a strong recovery.
  • As many state and local governments implement additional lockdown and social distancing measures to combat the recent spikes in COVID-19 cases, sectors that require in-person interactions, most notably leisure, will continue to suffer in the short-term.
  • Further out, metro-level growth will be driven largely by the underlying industrial bases of each economy.

Topics: United States, Cities, Economic outlook, Real Estate, North America, Metros