Shocker: While The Rest Of The Country Suffers, Washington DC’s Economy Is Growing
Look out, New York. Washington is gaining on you. As the nation’s most populous metro area feels Wall Street’s pain, the fourth-largest — Washington — is barely sensing the recession. In fact, Moody’s Economy.com estimates that metro Washington’s economy will actually grow 2.5 percent from mid-2008 through mid-2010. New York’s economy is expected to shrink 4.2 percent.
Big government is big business. And these days, business is good.
