Only time will tell the full effects of violence and unrest rocking Baltimore this week, area economic experts say — but the region has already taken a blow that can only get worse in the immediate future.
"No one gets to be a winner," said Daraius Irani, chief economist at the Regional Economic Studies Institute at Towson University. "There are these negative perceptions that are very hard to shake."
Irani has heard more media references to "The Wire," Baltimore's homicide rate and the city's 1968 riots in the hours since violence broke out Monday, he said. That can build a widespread negative perception undermining investment in the city as homebuyers, businesses, conventions and tourists reconsider buying into the area for fear of violence and disruption.