Cal State Fullerton – Economic Forecast Summary – 2008

By: Dr. Anil Puri, Dean
College of Business and Economics, CSUF

The National Economy

The U.S. economic outlook has unfolded broadly in line with our expectations since our last annual forecast of October 2006. At present, the U.S. economy is poised for a significant slowdown for the remainder of this year and the next and will undergo a painful “near-recession,” coming close to but ultimately sidestepping a full-blown recession.

Orange County

Much like the U.S. economy, Orange County’s growth has slowed down this year compared to 2006.

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