California News

UCLA Anderson forecast predicts grim future

Wednesday, December 09, 2009

California's future economic picture is pretty grim. That's according to the quarterly UCLA Anderson Forecast released Wednesday morning.

It says the state lawmakers' failure to enact spending cuts hammered out during budget negotiations will slow down the state's economic recovery.

They say growth will be delayed due to deferred job cuts that will be enacted to close a still gaping deficit.

The report says California's unemployment rate won't drop into single digits until 2012. The study puts state unemployment at 12.7 percent this quarter.

The UCLA forecast expects the state's economic growth to pick up in the beginning of 2011.

The Associated Press contributed to this story.


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budget, economy, ucla, unemployment, california news
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