March 14, 2021

Robust Growth and Recovery—For Most

By Robert McEntire, Ed.D. on March 11, 2021

As we approach the one-year anniversary of the first wave of statewide lockdowns, we are starting to see a few rays of sunshine poke through the cloudy skies that have hung over the state, or at least our collective mental state, for too long. If the estimates shared by the UCLA Anderson Economic Forecast on March 10, 2021, prove correct, the future is so bright that we will have to wear shades. When the state went into lockdown, the state turned off the spigot to the economy, leading to the most substantial and sudden economic decline in modern history. Looking forward, the picture is one of equally record-breaking robust growth for the foreseeable future, starting with “one of the strongest years of growth in the last 60 years” and followed by higher-than-average growth rates into 2022 and 2023. Within the positive news, there are nuances worth noting that continue to impact our daily lives.

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