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Forecast Center At Ventura County University Predicts Slow Economic Growth For California, Nation

Posted on Thursday, December 19, 2013 4:30pm

More slow economic grow is in the future for California, and the nation, according to a new economic report released by a Ventura County university today.

California Lutheran University’s Center For Economic Research, and Forecasting says from one standpoint, there is good news in that some economic growth is projected for next year.

But, economists with the center say the bad news is that it’s minimal growth.

Center Director Bill Watkins say they are forecasting 3% economic growth nationwide, and just half that, or 1.5%, for California.

Watkins says Ventura, Santa Barbara, and San Luis Obispo Counties should fare slightly better.

He cautions California’s slight growth could be hit hard if we have another year of drought, which could impact water prices, and lead to rationing in some parts of the state.

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