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No recession for Calif. economy

March 11, 2008 12:00:00 AM PDT
California's economy will be weak, but will not slip into a recession, according to a forecast released by economists at UCLA. The Anderson Forecast reports current and anticipated economic conditions in California don't live up to the past recessions. While unemployment is spiking, much of it seems to be in the construction industry.

Economists say the slumping housing market will eat away at job creation and consumer spending.

 

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