The 10 Best Cities to Find a Job in 2019
Economists have expressed mixed views on Maryland’s economy over the coming years, with some more pessimistic due to increasing interest rates, trade disputes, and increasing interest rates. RESI Chief Economist Dr. Daraius Irani has predicted growth in 2019, however he has also forecasted no growth in 2020 and a slight decline in 2021. While he indicated some areas of the state’s economy were strong—including healthcare, construction, financial services and technical services—his concerns for Maryland’s economy include filling the needed roles in nursing and technology and educational disparities.
Federal Government Shutdown Taking a Toll on Maryland Businesses
The Daily Record, 01/13/2018
According to the Maryland Department of Commerce, approximately 1,620 prime contractors in Maryland worked for agencies during fiscal year 2018 that are currently impacted by the federal shutdown. Because these contractors are not anticipated to receive back pay, they may be more heavily affected than federal employees. When asked about the economic impact of the shutdown on these contractors, Raquel Frye of the Regional Economic Studies Institute of Towson University stated, “If it’s enough of an impact for several weeks, I don’t know that (small businesses would) be able to float that for that long."