There’s Good News in the Economic Forecast for the Greater Pittsburgh Region

Meyer, Unkovic & Scott Real Estate attorneys Grant Scott and Andrea Geraghty were pleased to host Mekael Teshome, Vice President and Senior Regional Officer for the Pittsburgh branch of the Federal Reserve Bank of Cleveland at the April 2018 REAL Professionals Pittsburgh Mastermind Meeting.

Teshome offered analysis and insight into the factors affecting the economy of the Pittsburgh area and the United States. Locally, education, healthcare, and technology are positive drivers.

The consensus among professional forecasters is that the U.S. economy is accelerating, fueled by several factors including lower taxes and a strong job market, Teshome said. Economists expect net positive growth for the next 18 months in the Pittsburgh metro area, which includes seven nearby counties.

The Cleveland Federal Reserve Bank has branches in Pittsburgh and Cincinnati and serves the Fourth District, which covers Ohio, western Pennsylvania, and parts of West Virginia and Kentucky.