LOS ANGELES-UCLA Anderson School of Management's quarterly report on the national economy doesn't hold back: “It's not a recovery. It's not even normal growth. It's bad.”
The June Anderson Forecast report, its second of this year, says that despite improvement in GDP and key economic sectors, the overall US economic growth falls short of the rates required for the national economy to truly recover from the most recent recession.
It does paint a somewhat brighter picture for California and the national residential and multifamily housing markets.
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