Columbus forecast 2022

Abstract

Columbus metropolitan statistical area (MSA), based primarily on a manufacturing-based economy linked to the transportation industry and light vehicle manufacturing. It has experienced a significant negative economic impact due to COVID 19. With the continuing pandemic, a challenging year for transportation-related durable goods and lower light vehicle sales in North America, Columbus concluded 2020 with higher unemployment than 2019 and is projected with a lower GDP. Current expectations are for the local economy to increase slightly during 2021 in light of mixed economic indicators. This article explores these data, as well as what is anticipated for 2022.