Experts Optimistic About Local Economic Recovery

National forecasters are very optimistic about the future growth of the economy both nationally and locally here in Washington County. Dr. Joel Naroff, President of Naroff Economics, spoke to the Washington Chamber of Commerce during a webinar Thursday as part of the Chamber’s state of the Economy. Naroff says this is a rare time period where is extremely optimistic about economic growth in the United States. Naroff says the federal government’s stimulus for both businesses and people are having a great impact so far, but he warns that there could be a leveling off from the stimulus surge in the years 2022 and 2023 when businesses need to start making money on their own once again. The forecaster says locally, Washington County is in a great spot because the people and businesses in this area are helping keep Pittsburgh growing, even as workforces are largely based from home. Naroff also says Washington’s energy sector will keep playing a vital role in the national economy for years to come.