Special Report: Economic Advisory Council Quarterly Forecast

The California Chamber of Commerce Economic Advisory Council, made up of leading economists from the private and public sectors, presents a report each quarter to the CalChamber Board of Directors spotlighting factors affecting the state’s economy, such as interest rates, the housing market, energy prices and water supply.

2017

Special Report: Economic Advisory Council

September 2017

State Economic Growth Slows; Constraints Include Labor, Housing, Uncertainty

(September 2017) Like the U.S., California’s economy continued to roll forward in the first part of 2017. The unemployment rate edged down, nonfarm jobs maintained an upward trajectory and grew at a modest pace, and economic activity in the state advanced at a somewhat faster rate than the nation as a whole. Read the entire report.

 

Special Report: Economic Advisory Council

June 2017

Disruption in Washington, D.C. Heightens Economic Uncertainty in California

(June 2017) With the midpoint of the year fast approaching, two distinctly opposing trends have formed in terms of the U.S. economy’s outlook for the year. On one hand, the nation’s economy is clearly picking up momentum after a year of slow growth in 2016. On the other hand, the policy uncertainties created by the Trump administration have only become worse as it moves into its fifth month. Read the entire report.

Special Report: Economic Advisory Council

March 2017

Uncertain Political-Economic Environment Spawns California ‘Rogue One’ Reactions

(March 2017) The political-economic environment went from unsettling in the aftermath of the November election to disruptive when President Donald Trump assumed the Oval Office, as the new president moved with lightning speed to sign a string of executive orders that embodied his campaign promises.

The administration soon discovered that signing an executive order is easy compared to execution, at which stage it must answer to the U.S. Congress, the courts and the states. Read the entire report.

2016

Special Report: Economic Advisory Council

December 2016

U.S. Outlook About to Get Bumpy; State Initiatives Have Tax Implications

(December 2016) The election that put Donald Trump in the White House in 2017 was a shock to the vast majority of pollsters who were predicting a win for Hillary Clinton. The outcome also is a shock to the staff at Beacon Economics whose economic outlook over the last year has implicitly been based on the (incorrectly) predicted outcome of a Clinton win. Read the entire report.

 

Special Report: Economic Advisory Council

September 2016

Economy Pushes Through Global Turbulence; State Still Among Fastest Growing in U.S.

(September 2016) The California economy, like the nation overall, slowed its pace of growth over the past year. Still, the state remains one of the fastest growing economies in the nation, according to the latest quarterly report from the California Chamber of Commerce Economic Advisory Council. Read the entire report.

 

Special Report: Economic Advisory Council

May 2016

California Poised for Economic Growth; Housing Affordability Challenge Emerges

(May 2016) The U.S. economy started off on a down note in 2016, with gross domestic product (GDP) growth slowing to a paltry 0.4%, even as the financial and commodity markets have continued their wild ride. The global commodity glut and the slowing world economy are the proximate drivers of the weak numbers. Read the entire report.

 

Special Report: Economic Advisory Council

March 2016

California Economy: Still Outpacing the Nation

(March 2016) The California economy, like the nation overall, slowed its pace of growth over the past year. Still, the state remains one of the fastest growing economies in the nation, according to the latest quarterly report from the California Chamber of Commerce Economic Advisory Council. Read the entire report.

 

2015

Special Report: Economic Advisory Council

December 2015

State Job Growth Outpaces Nation; Inland Lags Behind Tech-Driven Coastal Areas

(December 2015) The state’s economic recovery has been extremely uneven, with the strongest growth coming along the coast, particularly in areas benefiting from the state’s leading position in the rapidly growing information technology and life sciences sectors, according to the latest quarterly report from the California Chamber of Commerce Economic Advisory Council. Read the entire report.

 

Special Report: Economic Advisory Council

September 2015

Economic Advisory Council: Despite Drought, Challenges, California Continues Strong Economic Growth

(September 2015) The report indicates that while challenges such as a high cost of living, regulatory burdens and a spotty housing recovery continue to plague the state, California’s overall numbers remain strong. The unemployment rate has fallen 1.2 percentage points to 6.3%, with 482,000 net new jobs added over the last year. Tourism is another bright spot in California’s economy, as neither the stronger dollar nor slower economic growth overseas has yet to cut into the flow of international tourists into the state. Read the entire report.

 

Special Report: Economic Advisory Council

June 2015

Economic Advisory Council: California Economy Maintains Momentum as Ports Bounce Back, Tax Revenues Surge

(June 2015) California’s economy appears to be maintaining strong momentum through the first few months of 2015, even though the state’s economy continues to be  impacted by a whole host of challenges,  ranging from the unending drought to the  work stoppages at major port facilities  earlier this year, according to the latest report from the California Chamber of Commerce Economic Advisory Council. Read the entire report

 

Special Report: Economic Advisory Council

March 2015

State Economy Strengthens in Face of Port, Drought, Domestic Outmigration Challenges.

(March 2015) California’s economy appears to be maintaining strong momentum through the first few months of 2015, even though the state’s economy continues to be impacted by a whole host of challenges, ranging from the unending drought to the work stoppages at major port facilities earlier this year. Although the council expects California’s economy to continue to grow, the state is not without its challenges. Growth has moderated recently, and the tremendous surge in tech-related hiring and associated construction projects is unlikely to be sustained longer term. Retailers and financial services firms are still posting only modest gains.  Read the entire report.

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