Study: California to see anemic growth next 2 years
By John Seiler | Cal Watchdog
California’s economic recovery remains anemic and a two-year projection put forth in the March forecast of the Center for Economic Research and Forecasting at Cal Lutheran predicts more of the same.
That growth the next two years will average only about 3 percent, when at least 4 percent is needed to begin making up for the huge losses during the Great Recession. At that time, the economy will be in free fall with “growth” declining at nearly a 10 percent annual rate, according to the projections.
CERF also expects jobs growth to be weak, at under 2 percent the next couple of years, as the following chart shows. Again, that remains anemic, and isn’t enough to make up for the massive jobs crash during the Great Recession.
at Cal Watchdog.
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