A UCLA Anderson report predicts California's economy will face contraction later this year due to the impacts of President Trump's trade war and recent immigration enforcement actions. Key sectors such as construction, agriculture, and hospitality are expected to see significant turmoil, termed as 'significant volatility and uncertainty.' Director Jerry Nickelsburg noted that confusion around these policies fosters decision paralysis among consumers and businesses, leading to reduced investment and economic growth, with California projected to lag behind the national economy.
President Trump's trade war and recent immigration raids are expected to deliver a one-two punch to California's economy.
Because people are afraid to go to work, because companies don't know what their cost structure is, because consumers or households who might be thinking about buying a house are less sure of their future or near-term future employment situation.
Collection
[
|
...
]