Study to Develop Statewide and County-Level Economic Projections. Volume 1.California County Economic Forecasts

摘要

Volume I provides a description of forecasts of economic growth for Californiaand its large metropolitan areas. The California economy will continue to lag the national economy until 1996. In the longer term, California will surpass the nation in growth near the end of the decade, as the State's comparative advantages in industry structure, natural and human resources, and geography will enable it to prosper. Real output will grow faster than employment as continued competitive pressures from across the nation and around the world will drive productivity gains in California's manufacturing industries. Inland areas in the state are expected to experience stronger growth than the coastal areas at the same competitive pressures.