The fourth-quarter Maryland Business Climate Survey, produced by the University of Baltimore's Jacob France Institute in the Merrick School of Business, indicates a long-term settling in of lowered sights and risk aversion—the effects of a multi-year period of economic turmoil both in the United States and abroad. No sector of Maryland's economy has been able to post significant gains during this period, but while some parts of the state, such as the Washington, D.C. suburbs, have borne the brunt of this uncertainty, Maryland as a whole has continued to show marginal economic progress.
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