JLL Cleveland Chart of the Week

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Northeast Ohio records modest growth in 2014 Cleveland • Moody’s Analytics has projected the gross regional product (GRP) for the 18 counties of Northeast Ohio grew at an annualized rate of 1.2 percent in 2014. That projection places Cleveland’s 2014 GRP at a value of $197 billion. While the growth rate is modest, Moody’s projection is cause for muted optimism in Cleveland as GRP output has increased each year since 2009. Furthermore, a growth rate of 1.2 percent is above the historical average for the region. Source: JLL Research, Moody's Analytics Chart of the week: January 26, 2015 $170 $180 $190 $200 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Northeast Ohio Gross Regional Product Real $, Billions

Transcript of JLL Cleveland Chart of the Week

Page 1: JLL Cleveland Chart of the Week

Northeast Ohio records modest growth in 2014

Cleveland

• Moody’s Analytics has projected the gross regional product (GRP) for the 18 counties of Northeast Ohio

grew at an annualized rate of 1.2 percent in 2014. That projection places Cleveland’s 2014 GRP at a

value of $197 billion. While the growth rate is modest, Moody’s projection is cause for muted optimism in

Cleveland as GRP output has increased each year since 2009. Furthermore, a growth rate of 1.2 percent

is above the historical average for the region.

Source: JLL Research, Moody's Analytics

Chart of the week: January 26, 2015

$170

$180

$190

$200

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Northeast Ohio Gross Regional Product

Real $,

Bill

ions