San Francisco Greater Bay Area Predicted to Grow By 4.8% in 2022

As reported in the San Francisco Business Times October 18, 2022, “Layoffs and economic uncertainty notwithstanding, the Bay Area is expected to enjoy economic growth of 4.8% this year, fueled by what remains strong performance from the tech sector, according to new research from the Kenan Institute of Private Enterprise. The report, 2022’s Fastest-Growing Cities in the U.S., looks at the performance of the greater Bay Area, which includes San Jose, Oakland and San Francisco. The findings underscore the powerful economy that the Bay Area continues to enjoy, with its emphasis on innovation and technology.”  The report mentions that the San Francisco Bay Area ‘has extremely high productivity.” The report also mentions that some of the major corporate layoffs and hiring freezes won’t show up yet.