With a decline of 0.43 percent, Baltimore's economic performance slid to 44th place among the 75 largest metropolitan areas during the third quarter of 1990, according to a survey released today by Alphametrics Corp.
Alphametrics, an economic research firm based in Bala Cynwyd, Pa., also reported that the Washington area ranked 71st on its Economic Performance for Cities report, with a plunge of 3.06 percent during the quarter.
The third-quarter EPIC report gave continued evidence of an advancing national recession, with 42 out of 75 metropolitan areas reporting negative growth -- a result that an Alphametrics senior economist characterized as "pockets of sunshine on a generally overcast landscape."
Still, the most recent EPIC study was less grim than the second-quarter report, in which 56 of 75 cities showed negative growth. In that quarter, Baltimore ranked 38th with a 1.77 percent slide and Washington ranked 58th, down 3.63 percent.
Further declines, including a negative U.S. gross national product, are expected in the fourth quarter, Alphametrics said.
Most of the "pockets of sunshine" in the third quarter were clustered in the Sun Belt and the Midwest. Las Vegas led the list with growth of 8.83 percent compared with the previous quarter. Following it were Charleston, S.C. with 7.57 percent; Fresno, Calif., 6 percent; New Orleans, 3.87 percent, and Sacramento, Calif., 3.05 percent.
The most troubled cities were concentrated in the mid-Atlantic states and New England. New Haven, Conn., last in the second-quarter EPIC list, was at the bottom again with a 6.43 percent decline in the third quarter. Springfield, Mass., repeated as next to last with a 5.30 percent tumble. Providence, R.I., down 4.91 percent; Boston, -4.43 percent, and Washington completed the bottom five.