It’s not only California Governor Gavin Newsom who’s striking an optimistic tone when it comes to the Golden State’s post-pandemic recovery. Los Angeles’s ABC7 spoke with economic experts, who also feel like California should bounce back quickly.
“Our expectation is that California will grow faster than the U.S. The strength of the technology industries, the strength of the entertainment industry, the strength of the logistics industry, all of those look to be the growth sectors in the next decade. And California’s economy is disproportionate in those sectors,” Jerry Nickelsburg, a UCLA economics professor and director of UCLA Anderson Forecast, told ABC7.
Nickelsburg noted that the significant number of new business applications filed this year is another strong indicator of the economic rebound that is to come.
Earlier this week, the governor announced that California could full “re-open” on June 15, assuming that vaccine rates remain high while new COVID numbers stay low. When California fully reopens the economy, the Blueprint for a Safer Economy—i.e. the tiered system that designated closures and capacity limits—will end. However, the state administration notes that common-sense health measures such as masking will remain across the state. Testing or vaccination verification requirements will remain in relevant settings.
You can watch the full ABC7 story by clicking here.