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Article: S.D.'s economic forecast: continued expansion in 1997. (San Diego, CA)(Column)
- Article from:
- San Diego Business Journal
- Article date:
- January 6, 1997
- Author:
CopyrightCOPYRIGHT 1997 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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San Diego's regional economy will continue to grow in 1997, extending five years of "real" economic expansion. Each year since 1994 has seen increasingly stronger growth in San Diego County, reestablishing record levels of local economic output.
San Diego's gross regional product (GRP), the value of all goods and services produced in the county, will reach nearly $85 billion in 1997, another record in economic production. The "real" increase forecast for the 1997 GRP is 4.8 percent - the strongest gain in the seven years since 1990.
San Diego has not only fully recovered from the regional recession earlier in the decade, but will continue to build momentum ...