Washington D.C. Area Economic Forecast

Even as it slows down from rapid growth in 2004, the economy of the Washington D.C. area will expand faster than the rest of the nation.

"A boom in federal spending caused the region's economy to grow at an exceptionally strong 4.4 percent rate last year, say researchers at the George Mason University Center for Regional Analysis, the fastest pace since 2000. But the researchers expect that federal spending will grow at a more measured pace in the years ahead, and that the impact of low interest rates, skyrocketing housing prices and recent tax cuts will fade."

Thanks to Abhijeet Chavan

Full Story: Area's Economy to Fly, But Not as High

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