A Recession Wouldn’t Hit Philadelphia as Hard as Other Regions, Says this US Economist

Lara Rhame

Heading into 2020, the country’s growth momentum is about 2% lower than it was coming out of 2018, according to FS Investments Chief U.S. Economist Lara Rhame.

But this isn’t necessarily bad news, Rhame said. She likened it to “cruising at a lower altitude,” essentially, after a year of a lot of growth, the market is leveling out to a more consistent level.

“This concept is about where the plane usually is, where it spends a lot of time,” she told a crowd at the Bellevue Hotel Friday morning. “It’s the same concept for the economy.”

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