Summary
UCLA economists are slightly more optimistic about California's economy next year than three months ago but remain concerned about the state's yet-resolved budget crisis, according to the Anderson Forecast released today.
The economy, as measured by payroll employment, is expected to increase by 2 percent in 2005, revised up from 1.8 percent in June, the forecast said. Growth of 0.8 percent is still anticipated for this year.See the full content of this document
Extract
Budget Crisis Still Concerns Economists
"That's mostly noise,' senior UCLA economist Joseph Hurd said of the next year's upward revision.
Key sectors of the economy continue ...See the full content of this document
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