Recession

Is California Experiencing a Recession?

Recession

While proposing the budget to the Legislature in May, Gov. Jerry Brown warned that a recession is imminent in California. Brown was concerned about the economic prospect of the national government whose adverse impacts would trickle down to California. The United State’s economy has been booming for the last eight years, two years short of the expansion witnessed after World War II which was also the longest boom before a recession. After eight years of prosperity, Brown envisions a downturn.

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