PHILADELPHIA (AP) — The economies of the nation’s cities are starting to bounce back from the recession and grow again, but the state and federal governments need to increase their spending on infrastructure to help that growth continue, according to the U.S. Conference of Mayors, which released an economic report Thursday.
The report, prepared by HIS Global Insight, forecasts that 300 of the country’s 363 metropolitan areas will experience real economic growth by the end of the year. The total gross metropolitan product grew by 1.7 percent last year and expanded in 267 metropolitan areas; this year, the report predicts, the average growth of all 363 areas will be just below 1.8 percent.
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