UCLA Economic Forecast: California to Rebound After ‘Sup-Par’ Growth in 2024 ...Middle East

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Residential construction in Encinitas. REUTERS/Mike Blake California will wrap up 2024 with “sub-par” growth in gross domestic product, but it is expected to rebound over the next two years and resume its trend of outpacing the nation as a whole, but just barely, according to a UCLA economic forecast released Wednesday. Jerry Nickelsburg, director of the UCLA Anderson Forecast, wrote in his report for the state that while California’s GDP growth outpaced the nation and all but three other states — Washington, Florida and Texas — in 2023, the state saw only 2.8% growth in the second quarter of 2024, which is 0.2 percentage points less than the nation. “With U.S. economic growth not

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UCLA Economic Forecast: California to Rebound After ‘Sup-Par’ Growth in 2024 ...Middle East

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