COG: Area Economy Isn't Recession-Proof: D.C. Vulnerable to Recession
An analysis just released by the Metropolitan Washington Council of Governments appears to give further credence to the theory that the regionÛªs economy is no longer recession-proof.</br></br>Although' the COG findings are based on an analysis of leading indicators in the final quarter of 1981, the conclusion is significant in that it tends to dispel a myth about the regionÛªs economy.</br></br>Indeed, the COG report concludes: ÛÏ ... It appears that the Washington region is equally experiencing the effects of national recessionary trends and has become less resilient in recent years.Û for the first quarter of this year probably wonÛªt be completed tor another two to three weeks, according to Noora Ahmed, an economist at COG.</br></br>However, since there appears to be a pattern in which regional indicators have been tracking national barometers, itÛªs possible that the economy in metropolitan Washington continues to experience a slowdown.</br></br>What emerged in the final quarter last year, COG said, is a ÛÏcombined result of slowed economic growth as well as the implementation of the economic recovery policy designed to balance the federal budget by reducing the level of federal employment and federal spending.Û