California’s economy continues to grow but could begin to weaken along with slower national growth, according to a new forecast by University of California–Los Angeles’s (UCLA) Anderson School.
Although uncertainty remains about what will happen in the next 12 months, UCLA’s forecasters do not predict a recession in the next year. However, the U.S. economy is likely to see slower growth and continued high inflation, according to the Sept. 21 report.
“The UCLA Anderson Forecast does not expect a recession at this time, but the likelihood of a recession during the next 12 months has increased,” the forecast’s senior economist Leo Feler wrote in the report….