Economy
Governor’s Budget Plans for Uncertain Economy
Governor Gavin Newsom presented a balanced budget this week with no new general tax increases. He identified a $22.5 billion “shortfall” between previously expected...
Goods Inflation Declining, Services Rising; Federal, State Labor Markets Still Strong
Overview
The pace of economic growth continues to moderate, primarily driven by a slower pace of consumption, which accounts for about two-thirds of gross domestic...
Federal Reserve Fights Inflation, Walks Line Between Soft Landing, Recession
The Economy
The Drumbeat of a Recession Is Growing Louder, But It Is Probably Not Here Yet
We are sure in an odd place, economically speaking....
Federal Inflation Reduction Bill: Review of Impact on California
Given its size and economic diversity, California will both enjoy and suffer some major effects of the Inflation Reduction Act — approved Saturday by...
Foreign Direct Investment in State, U.S. Rebounding After Dropping During COVID
International economies continued to be beset by the detrimental effects of the COVID-19 pandemic last year, reducing the amount of foreign direct investment in...
Russia’s Invasion of Ukraine: Full Impact on Economy, Markets, State Uncertain
Russia’s invasion of Ukraine will have an impact on the world economy that is still not fully recovered from the pandemic. However, it is...
Finance Director Says Budget Windfall Gives State Opportunity to Invest in Future
California’s revenues and economic conditions have continued to improve, enabling the state to address some of its greatest threats, such as climate change, the...
Economy’s Fundamentals Remain Firm; Household/Corporate Balance Sheets Solid
Overview
Economic recoveries and expansions never go as planned. This one is no exception. It has been marred by two major COVID outbreaks, supply shortages,...
Unemployment Fund Insolvency Will Lead to Payroll Tax Increases
With the legislative frenzy complete for the year, Sacramento’s policymakers are turning their eyes toward next year’s budget and their next round of legislative...
Strong Demand for Goods; Supply Lagging; Imbalance Keeps Upward Pressure on Prices
Overview
The recession is officially over. It ended more than a year ago, but it takes time for the group of economists at the National...
