Cal­i­for­nia gover­nor won­ders about econ­omy

The Palm Beach Post - - BUSINESS -

Cal­i­for­nia has ac­counted for about 20 per­cent of the na­tion’s eco­nomic growth since 2010, but Gov. Jerry Brown won­ders: How long can this last?

The list of things that could go wrong in­cludes: If the stock mar­ket sees a long-term de­cline, it would hurt Cal­i­for­nia be­cause its bud­get re­lies heav­ily on peo­ple whose in­comes rise and fall with stocks; Pres­i­dent Don­ald Trump’s moves to up­end trade ar­range­ments could be a set­back; and be­cause the growth of the tech­nol­ogy in­dus­try has played a huge role in Cal­i­for­nia’s re­cent boom, a drop in com­pany val­u­a­tions or in ven­ture cap­i­tal in­vest­ments would re­ver­ber­ate swiftly through the state’s econ­omy.

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