News — Downshift in growth expected for the nation and California

Downshift in growth expected for the nation and California, says latest UCLA Anderson Forecast Travis Wise/flickr The forecast for California notes that the housing market could be dampened by the new U.S. tax bill that is expected to become law, which would reduce economic growth in the state. UCLA Anderson Forecast’s final quarterly report for 2017 presents a somewhat mixed outlook, as the United States awaits the outcomes of a number of initiatives and proposals that could affect the economy. For the nation, the near-term outlook is optimistic, anticipating a 3 percent growth in the economy, thanks to strong equipment...