The U.S. and California economies will experience near-record growth this year thanks to widespread vaccinations for COVID-19 and massive federal relief for struggling workers and businesses, UCLA forecasters predict.
“A waning pandemic combined with fiscal relief means a strong year of growth in 2021 — one of the strongest years of growth in the last 60 years — followed by sustained higher growth rates in 2022 and 2023,” according to the quarterly economic outlook released Wednesday.
Read more at the Los Angeles Times.