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Despite elevated interest rates posing challenges for Detroit’s mortgage and auto manufacturing industries, the city is expected to see economic growth pick up later this year and continue at a steady pace for the next few years, University of Michigan experts said in a report released Friday. A February executive summary update to the Detroit Economic Outlook for 2023-28 notes that Detroit’s economic recovery from the COVID-19 pandemic continues to progress despite factors including job losses in the financial services sector, a series of strikes last fall and the continuance of remote work. …

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