A new report by a forecast center in Ventura County indicates that a spurt of statewide economic growth is slowing, and will soon be in line with what’s happening across the country. California Lutheran University’s Center for Economic Research and Forecasting has released its third quarter forecasts for the state, and nation.
It shows higher growth nationally, projected to be at 2.9% annually for the next two years. But, the Cal Lutheran Center thinks the state’s growth will be at around the same level, or even slightly lower for the next two years.
The report cautions the projected national growth could be impacted by the trade issues with other countries around the world. Cal Lutheran is the parent of KCLU Radio.