South Coast University Study Shows Growth In Forecast For U.S. Economy, But Still Hurt By Regulation
A new report from a South Coast university says corporate tax reform will help boost the state and national economies later this year.
But, the latest California Lutheran University for Economic Research and Forecasting study says growth will still be well below historical levels because of government regulation.
The research pegs growth at 2.6% over the next year.
The CLU studio also has a pessimistic view of what’s happening with the state’s economy. It says California is continuing to lose population to other states. And it says while the state’s economy had been growing slightly better than the nation’s, it soon will be closer to the national numbers.
CLU is the parent of KCLU radio.