State's good economic news will be temporary 

California’s economy is expected to bounce back this year, but don’t expect the good news to linger long.

According to a new economic outlook released by San Francisco-based Beacon Economics, the state and national economy will become precarious by the end of 2011.

Economic growth is returning in the short run, yet the forecast concludes that the rebound is mostly the result of unsustainable government policy rather than improving economic fundamentals, according to Beacon Economics.

“The imbalances that pushed the nation into recession in the first place have not been corrected, but papered over by government fiscal and monetary policy,” Beacon Economics Principal Christopher Thornberg said. “The fear is that we’re swapping one set of unsustainable economic drivers for another – trading a private bubble for a public one.”

About The Author

Erin Sherbert

Pin It

Speaking of Under The Dome

More by Erin Sherbert

Latest in Government & Politics

© 2018 The San Francisco Examiner

Website powered by Foundation