According to the latest economic forecast from UCLA Anderson, the looming threat of a recession has diminished. This can be attributed to expansionary fiscal policies, a new national industrial policy and continued consumer spending despite overall economic uncertainty.
UCLA Anderson states that the previously predicted “recession next quarter” has now dissipated due to these factors. However, they also note that growth in the U.S. economy will be tempered by high interest rates and slow inflation rates.
In California, employment growth was slower than expected but still outpaced national levels. However, this gap is expected to narrow as investment slows down and there is slower growth in the logistics sector.
This report from UCLA Anderson forecasts a future of steady economic growth without any mention of specific organizations or regions such as Connect CRE or Connect LA/Texas.
