Inflation, rising interest rates and declining real wages are among the factors limiting growth, according to the latest UCLA Anderson Forecast.
Just as the economic impact of COVID-19 was waning, Russia’s invasion of Ukraine injected an additional layer of uncertainty into the forecast.
Pandemic continues to influence consumer behavior, affect economy on national, state and local levels
The latest UCLA Anderson Forecast sees stronger-than-anticipated performance for the U.S. and California.
The economic data also show that the recession and recovery had a disproportionately negative impact on lower-income Californians.
UCLA Anderson Forecast: Pent-up demand for leisure and hospitality, recreation, health care will fuel recovery
The impact of California’s comparatively stringent pandemic mitigation measures will be key to the state’s economic growth.
Mass COVID-19 vaccinations will help boost the U.S. and local economies and usher in a new post-pandemic norm, economists predict.
The report assumes that mass vaccinations will clear a path toward a new, productive normalcy for many industries.
Economists say the positive outlook is partly due to consumers and businesses quickly adapting to virtual commerce.
The UCLA Anderson Forecast team writes that the economy is in a “Depression-like crisis.”
The update is the second revision to the regular quarterly spring forecast, which was published on March 12.
The report says GDP will reach 2% in the fourth quarter of 2020 and the California economy looks slightly stronger than previously predicted.
The authors expect California's unemployment rate to rise to an average of 5.1% in the fourth quarter of 2020.
A report on California’s economy found that the state’s rapid job growth is slowing down.
The report’s authors write that the big question for the California economy is how long the state’s tech industry boom can continue.
California’s economy is expected to continue to grow faster than the U.S. economy, but the report indicates that growth at the state and national levels will be weaker in 2020.
The third quarter report notes that the economy has grown, despite the chaos in Washington, D.C.
The latest report says GDP growth will exceed 2 percent in the near term but fall below 2 percent in 2019.
The report projects robust job growth and increased defense spending.
When Donald Trump was elected, UCLA Anderson economists revised their prognostications for the nation, state and Los Angeles.
UCLA Anderson Forecast’s quarterly outlook for the national economy foresees real gross domestic product growth in the 2 percent to 2.5 percent range throughout 2017 and 2018, where it has been for the past seven years.
UCLA Anderson Forecast calls for continued slow but steady growth in the two percent range.
For California, the forecast calls for a steady decrease in the unemployment rate, to about 5.0 percent by the end of 2018.
UCLA Anderson Forecast: Job growth, wage increases to push real GDP growth past 3% for first time since ’05
According to senior economist David Shulman, with the economy generating jobs at a 200,000-a-month clip, the unemployment rate should soon drop to 4.6 percent.
Despite a first-quarter bump in the road, the U.S. economy remains on track. California can expect a steady decrease in unemployment.
First quarterly report for 2015 says the U.S. economy “looks like an island of stability in a very volatile world.”