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San Diego economy to lag state, nation

Weakening defense spending to hurt…but techies to do well


Tuesday, February 4, 2014

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There will be several flies in the ointment, according to Cunningham, and one will be defense spending: it is forecast to shrink from 14.6% of the local economy in 2010 to 12.7% this year. The county's population will grow by less than 1% — a mere 0.72% to 3.2 million. An estimated 19,400 more Americans will leave San Diego than arrive. This will be almost offset by net international migration of 18,000. The natural increase, or babies, will drop slightly to 24,400 from 24,600 last year.