Tuesday, June 21, 2016

California is the world's 6th largest economy, feeling the gain?

Reuters/Top News/San Francisco/Robin Respaut, 6/17/16. "California surpasses France as world's sixth-largest economy."

Image result for California picture
"Our environment is our economy."
Seriously can we do better Pacifica?
"California is now the sixth-largest economy in the world, surpassing France, thanks to a robust state economy and strong U.S. dollar. California was the world's eighth-largest economy in 2014, Irena Asmundson, chief economist of the California Department of Finance, said in a phone interview on Friday. 'California did exceptionally well in 2015.' France is the world's seventh-largest economy with a growth domestic product of $2.42 trillion, and India is the eighth-largest with $2.09 trillion, according to the latest International Monetary Fund data.

California is home to diverse strong economies, including Silicon Valley and Hollywood. Manufacturing and agriculture have performed well despite a severe drought, Asmundson said. The most populous U.S. state has outpaced the rest of the country on job growth, California's finance department said in its June bulletin this week. Gross state product was $2.46 trillion in 2015, with 4.1 percent of growth in real terms, it added. U.S. gross domestic product grew by 2.4 percent in 2015. Growth slowed to 0.8 percent in the first quarter of 2016."  Note on article: (Reporting by Robin Respaut; Editing by David Gregorio and Richard Chang.)

Related news.   Sacramento Business Journal/Industry News'Allen Young, Staff, 6/15/16, "California now world's 6th-largest economy." "... California now has the world’s sixth-largest economy after surpassing France and India in 2015, according to new gross domestic product data from the International Monetary Fund. ... The U.S. has the world’s largest economy with a GDP of $17.9 trillion. China placed second with a GDP of $10.9 trillion, followed by Japan, Germany and the United Kingdom.  .... ...  California also tied with Oregon for the state with the highest jump in GDP last year by percentage, according to data released Tuesday by the federal Bureau of Economic Analysis."   Related, Business Journal articles: Bureau of Economic Analysis. and International Monetary Fund. 

Note:  photograph of CA Condors image is a facepage to San Diego Zoo/Animals/Birds.

Posted by Kathy Meeh

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