What Economic Recovery from COVID-19 Looks Like to These Local Experts

For the past several years, members of the Chamber of Commerce for Greater Philadelphia have convened in January at its annual Economic Outlook event to talk about what the city and its businesses’ near future will look like.

Last year, the Chamber released survey results among members showing that respondents felt slightly less optimistic about business conditions in 2020 than they did in 2019, and economist Lara Rhame shared why she felt a recession wouldn’t hit the Philly region as hard as other major U.S. cities.

But in January 2020, few could predict the economic shock that the coronavirus pandemic would have on the region. So as Chamber members gathered for the annual event last week, focus was predictably on what 2021 would look like as the country and region, hopefully, begin to recover from the pandemic.

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