ECONOMY: UCLA Anderson Forecast sees slow growth in CA through end of 2012: The economic outlook for the nation is "far worse" than it was in early summer, though a double-dip recession is not anticipated, according to the quarterly UCLA Anderson Forecast released early Tuesday.
The forecast also points out that California's economy continues to be stuck in a period of slow growth until the end of 2012, and double-digit unemployment until 2014.
A separate economic forecast to be published Tuesday by Beacon Economics also agreed that the economy is not slipping back into a recession. While acknowledging substantial problems and an overall slow recovery for the national and state economies, the Beacon forecast is optimistic in the short run, expecting growth to pick up in the second half of 2011 and into 2012.
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