San Jose ranked fastest-growing city in the world, 2019-2035
A story in MarketWatch details a new report from Oxford Economics predicting that San Jose will be the fastest-growing urban economy world-wide, while New York City will retain its crown as the largest urban economy globally.
Oxford Economics says in its annual Global Cities report that financial and business services will keep New York City in first place in 2035. In that year, the report projects New York City to have annual output of $2.5 trillion after adjusting for inflation.
As for fastest growth, San Jose leads the way in the U.S., with projected growth of 3% per year between 2019 and 2035.
San Jose, in the report’s view, “offers a powerful high-tech, entrepreneurial ecosystem combining research universities, investment capital and a cultural affinity for risk.”