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San Diego won't be any more affordable next year

Economy could go up — or blow up


Wednesday, December 23, 2015

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From late 2007 to early 2009, the United States and San Diego went through the worst economic downturn since the Great Depression. Then came the most anemic recovery ever. Cunningham is not predicting that 2016 will be a disastrous year for the San Diego economy, but he thinks it will be a little weaker than 2015.
He is warning San Diegans not to expect the local economy to bounce back vigorously. “There is no reason to believe that in the seventh year of this weak recovery, things will accelerate,” says Cunningham. For example, San Diego County added 40,000 jobs in 2015, “the best performance since 1999.” Next year, the figure may be 34,000 jobs, “and a lot will be low-paying jobs.”