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Could suburban Maryland usurp Northern Virginia as the region’s economic powerhouse? Economists weigh in on five trends we could see this year.

For years, the Washington economy was a steadily accelerating engine, fueled by a mix of high-paying jobs and plentiful government contracts.

The region did not just weather the Great Recession, the economy here led much of the country during the darkest days. But by 2010, the tides were turning. Federal spending came to a halt, and the Washington area was the first to pay the price.

Average wages began declining, as did household income and gross regional product. Job creation dropped dramatically, making the Washington area one of the slowest-growing job markets in the country.

Read full article here from Washington Post


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