California has nation’s 12th fastest-growing state economy

The “Looking Glass” ponders economic and real estate trends through two distinct lenses: the optimist’s “glass half-full” and the pessimist’s “glass half-empty.”

Buzz: California’s economy rebounded from an early 2022 slump to be the 12th fastest-growing state in the third quarter.

Source: My trusty spreadsheet reviewed third-quarter growth in state gross domestic product, a broad measure of business output.

Debate: How will California’s economy react to an era in which the government and Federal Reserve have turned from business saviors to tight-fisted villains?

Glass half-full

California, as always, has the nation’s No. 1 GDP at $3.6 trillion, 14% of the U.S. total. Business output statewide grew at a 3.8% annual

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