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Read this article to answer the question. https://www.brookings.edu/research/the-start-of-americas-infrastructure-decade-how-macroeconomic-factors-may-shape-local-strategies/ briefly explain their take on how the recent macroeconomic climate impacts state and local governments' borrowing costs

Read this article to answer the question.

https://www.brookings.edu/research/the-start-of-americas-infrastructure-decade-how-macroeconomic-factors-may-shape-local-strategies/

briefly explain their take on how the recent macroeconomic climate impacts state and local governments' borrowing costs and buying power for infrastructure projects. (please use inflation and recession in your answer)

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