Moody's: New York City's robust and diverse economy drives growth needed to meet budget demands
New York, January 23, 2017-- New York City will continue to benefit from one of the world's biggest and most diverse economies, and a large, highly educated and growing population, Moody's Investors Service says in a new report. The benefits will help New York meet challenges from climate risk, a vast infrastructure, and growing fixed costs and pensions. "New York City's economic output exceeds all but four US states and three of the world's largest industrialized economies," according...
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