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Winter 2019


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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.


Trade Disputes, Slowing Housing Markets, Wall Street Turbulence, Political Uncertainty... Despite It All, Economic Outlook Remains Steady

The fact that the U.S. is on the edge of the longest economic expansion in the nation’s history hasn’t dampened Beacon Economics' latest forecast. Despite handwringing over everything ranging from battles with major U.S. trading partners to a feared onset of inflation, Beacon’s new outlook has the U.S. and California economies continuing to expand through 2020.

“This isn’t optimism,” said Christopher Thornberg, Founding Partner of Beacon Economics and one of the forecast authors “There is simply nothing out there at the moment, whether it’s the sell off in the stock market or rising interest rates, that has the power or speed to knock the expansion off its track; and apart from a rapidly growing Federal budget deficit...



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