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Thornberg put it more bluntly: “The recession I’m worried about is going to happen in one, two, three years. I see a lot of unsustainable trends. “Don’t jump in your bunker,” he said ...
“This decline is similar to those seen during the Great Recession and dot-com bust,” according to the Legislative Analyst’s Office. California’s revenue decline is reminiscent of the Great ...
The UCLA Anderson forecast has overall consumer price hikes in California averaging 4.1% this year, cooling to 3.2% next year and 2.9% in 2025. That’s virtually the same as its forecast for ...
The 1948 recession was a brief economic downturn; forecasters of the time expected much worse, perhaps influenced by the poor economy in their recent lifetimes. [62] The recession also followed a period of monetary tightening. [40] Recession of 1953: July 1953 – May 1954 10 months 3 years 9 months 6.1% (September 1954) −2.6%
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. [1] [2] Recessions generally occur when there is a widespread drop in spending (an adverse demand shock).
There are 58 counties of California currently.. California, the most populous state in the United States and third largest in area after Alaska and Texas, has been the subject of more than 220 proposals to divide it into multiple states since its admission to the Union in 1850, [1] including at least 27 significant proposals prior to the 21st century.
With a potential recession looming, California faces an estimated $25-billion deficit. Lower spending on transportation, housing and education could help close the gap.
Our last true recession lasted about 18 months, from late 2007 through mid-2009, triggered by the housing market collapse. It took about six years for the economy to recover to pre-recession ...