Clear skies and bustling streets are back in New York City. But even as we celebrate the return of warmth and economic activity, storm clouds are on the horizon. As we move past two years of a devastating pandemic and the economic ramifications that came with it, our recovery is uneven. Global conflict, rampant inflation, supply chain disruptions, and a declining stock market muddy the economic picture.
The Federal Reserve is aiming for a “soft landing” by raising interest rates in the hopes of combating inflation without pushing the economy into recession—but even the sunniest scenarios involve slower economic growth.
New York City needs to be ready to protect the
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