On January 18, 2023, D.C. Policy Center Executive Director Dr. Yesim Sayin was quoted by Axios DC:
Conventional wisdom says that Washington is recession resilient thanks to Uncle Sam. Federal spending and jobs helped us stave off the worst during the Great Recession.
But relying on the federal government isn’t what it used to be, local economists who are concerned about a 2023 slowdown tell Axios.
For one, federal workers staying remote means the District is “no longer as protected” from a recession as it was in the past, says Yesim Taylor, head of the D.C. Policy Center.