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Economy League report: ‘Is Philadelphia Heading for a Recession?’

As national economic experts have began talks of a possible recession heading our way, the Economy League of Greater Philadelphia took a closer look at the situation closer to home to make a better call.

In the report, “Is Philadelphia Heading for a Recession? What Do the Data Say?” author and Economy League Project Manager Michael Shields writes that recessions are essentially periods of economic decline and are the result of “shifting economic factors” that affect various markets.

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Last month, the National League of Cities (NLC) debuted its annual City Fiscal Conditions report, which found that tax revenue streams for major U.S. cities began to slightly decline in 2019 after six years of continuous growth.

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