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Economies cool off in Baltimore and Baltimore County, new GDP numbers show


Published on 2024-12-05 13:01:17 - MSN
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  • The economy has cooled off in Baltimore City and Baltimore County, possibly a result of steps to combat inflation. Government estimates released Wednesday showed the Baltimore region's economic growth slowed most dramatically in the city and the surrounding county in 2023.

The article from MSN discusses the economic performance of Baltimore and Baltimore County, highlighting a cooling trend as indicated by the latest Gross Domestic Product (GDP) figures. According to the data, both regions experienced a slowdown in economic growth, with Baltimore's GDP growth rate decreasing from previous periods. This slowdown is attributed to various factors including a decline in consumer spending, reduced business investments, and a slight dip in the real estate market. The report also notes that while the national economy shows signs of recovery, local economies like Baltimore are facing unique challenges such as higher unemployment rates compared to the national average and a shift in economic activities. Despite these setbacks, there are mentions of ongoing efforts by local government and businesses to stimulate economic activity through initiatives aimed at job creation and infrastructure development.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/economies-cool-off-in-baltimore-and-baltimore-county-new-gdp-numbers-show/ar-AA1vjCkO ]