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Summer 2018


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Beaconomics represents only a sample of the custom, comprehensive forecasts and economic analysis available from Beacon Economics. Learn More

Welcome to Beaconomics, a forecast for the United States and California economies.

This succinct, quarterly outlook delivers up-to-date analysis of leading indicators driving the state and national economies, including GDP growth, employment, housing and commercial real estate markets, taxable sales, international trade, and more.


Despite Policy Enease, No Recession On The Horizon

Despite persistent warnings about the coming end of the current economic expansion and the onset of another recession, U.S. GDP, employment, income, industrial production, exports, and business and consumer spending are all headed upwards – and nothing on the immediate horizon has enough force to disrupt those trends.

Although U.S. GDP growth was relatively weak in the first quarter of this year, that will likely be offset by a more robust second quarter – and overall growth for the year is forecast to...



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