“The data simply does not support these hyped-up proclamations that we are headed for a double-dip recession,” says Beacon Economics’ founding partner Christopher Thornberg. “Digging out from the ‘Great Recession’ was never going to be easy, the economy is still way behind where it should be at this stage in the business cycle, but the recovery is underway, nationally and in Inland Southern California.”
Yunzeng Wang, interim dean of the School of Business Administration says that the region is destined to return to the growth path it was on prior to the downturn. “The significant traditional advantages Inland Southern California offers such as affordable housing, coupled with exciting new initiatives to expand our employment base into areas such as high-tech will again make us one of California’s fastest-growing regions,” Wang says.
via GlobeSt.com – Forecast: Promising Indicators for Riverside/San Bernardino – Daily News Article.