A new forecast by economists in Ventura County predicts continued slow growth for California, but better than what will happen nationwide.
Officials with the California Lutheran University Center for Economic Research and Forecasting say the state can expect a 3% annual growth rate. The new report says growth will be strongest in Northern California and the Central Valley, and will be weaker in Southern California. Center Executive Director Bill Watkins also says while there will be continued job growth, it will be in low paying sectors of the economy.
The Center’s national forecast predicts the U.S. economy will remain weak and volatile, with modest growth of less than two percent.
CLU is the parent of KCLU radio.
