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EconoMeter: What can local officials do to spur economy?


Sunday, January 9, 2011

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Kelly Cunningham, National University System
Answer: Yes
By several measures, San Diego will continue improving in 2011. The economy is expanding, although the growth rate will slightly fade as federal and military stimulus spending starts to recede. Slowing growth does not portend well for much needed job creation.
Employment gains will certainly be an improvement over the losses recorded the previous few years, but lackluster job creation persists. Growth among key local technology sectors will slowly begin stimulating other industry expansion. Personal income and sales activity are picking up by incremental amounts.
Real estate still struggles from overhang of unsold and repossessed properties, but will improve.