UCLA Forecast: California’s Economy Will Outpace the U.S. as Employment Grows ...Middle East

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Containers are unloaded at the Port of Long Beach. REUTERS/Lucy Nicholson Due to a rebound cargo traffic through ports and strong income growth, California’s economy should continue to outpace that of the United States as a whole over the next three years, according to a UCLA forecast released Wednesday. “The risks to the forecast are political, geopolitical and the potential for interest rates to still disrupt the current expansion on the downside and increased international immigration and accelerated onshoring of technical manufacturing on the upside,” UCLA Anderson Forecast Director Jerry Nickelsburg wrote in a quarterly report on the state’s economy. According to Nickelsburg,

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