Will California’s economy ‘bowl’ over into a 2023 recession?

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In the summer quarter, California’s gross domestic product was growing at a 3.8% annual rate, 12th best among the states. That’s a reversal from the spring’s 0.5% drop.

It’s football’s bowl season, and it’s generating must-see competition on the playing field.still will provide plenty of noteworthy contests to be fought through 2023.

So let’s handicap noteworthy financial skirmishes that will dominate 2023 business arena. Many of these economic clashes, like the flood of post-season football games, feature heated rivals who will be looking to gain an edge in long-running competitions. A sagging global economy also creates a slippery playing field for most business combatants.

Utilities won a late 2022 battle to limit homeowners’ solar roof benefits. Oil producers seem ready toBetting line:California is essentially running out of water, so there’s likely no true winner in this tug of war.— residential or agricultural users? Lawns go brown or Almonds go fallow?

 

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