New Economic Forecast By Team At South Coast University Predicts More Slow Growth For State, Nation
Continued slow economic growth is on the way for the state and the nation according to a new economic forecast being released today by a South Coast university.
California Lutheran University’s Center for Economic Research and Forecasting is putting out its third quarter predictions for California, and the U.S. For the state, more growth is predicted, but it’s expected to remain on the slow side. Center Executive Director Bill Watkins says while the state picture is better than the nation’s, it’s still not good because the country’s overall economic outlook is weak.
Growth on the Central and South Coasts has hovered at around two percent annually since 2011
The forecast calls the national picture “anemic,” noting the growth has steadily declined since reaching a post-recession high of five percent in the third quarter of 2014.
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