UCLA Forecast Predicts CA Recession; Blames Power Crisis

With politicians and economists pointing fingers in various directions to attach responsibility for California’s electricity problems, the quarterly UCLA business school economic forecast last Thursday predicted a recession for the state, particularly in the north, driven largely by the electricity crisis. A separate analysis by the university and Cambridge Energy Research Associates (CERA) looked at two scenarios, advocating perhaps a different course than the one charted currently by the state.

July 2, 2001
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