Latest State, National Economic Forecasts From South Coast University Predicting Slow Growth
A new economic forecast for the state and nation from a South Coast university is predicting more slow growth, and says California's numbers could actually dip below national numbers.
The California Lutheran University Center for Economic Research and Forecasting says the state is being hurt by too many experimental policies which are prompting businesses, and residents to leave the state. The state has been doing slightly better than the nation as a whole, but the CERF economists say that may be changing.
At the same time, the forecasters say economic policy gridlock with President Trump and the GOP mean that national growth will remain at below two percent for the next eight quarters, unless there are some significant changes.
CLU is the parent of KCLU radio.