I have been meeting consistently in the last few weeks with economists, not only state economists, independent economists, universally they have significantly downgraded the GDP projections for the state of California Next year have increased as a consequence of this toxic uncertainty. The likelihood that our unemployment rate will go up, not down, and that the environment will precipitate in higher inflation. All of those things will inure to slower economic growth, less capital gains, revenue, and a significant. From my humble perspective, how significant? (33:03–33:14)
CLAIM
Asserts that unemployment in California is likely to increase and inflation to rise.
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