... to put it midly.
Things are no different that elsewhere in the US, of course. The San Francisco business times reports "East Bay economy stuck until end of ‘09"
The economic recession is hitting everyone hard, and most likely the situation locally, or in states, isn't going to pick up until the US's does... and those most optimist are saying that'll be at the end of 09:"The East Bay will begin an economic recovery at the end of 2009, coincident with the beginning of the U.S. recovery."says Levan Efremidze, an economist with the UCLA Anderson Forecast, quoted by the San Francisco Business times.
It's not all completely bleak though : "Though growth will be slow coming out of the recession, the long term prospects for East Bay economic growth, fueled by investments in “green” economy technology, computers and electronics, and export oriented products, are bright,” Efremidze writes."
Conveniently, these fields are exactly what the Chinese want from California! Good thing there's a ChinaSF then?
Things are no different that elsewhere in the US, of course. The San Francisco business times reports "East Bay economy stuck until end of ‘09"
The economic recession is hitting everyone hard, and most likely the situation locally, or in states, isn't going to pick up until the US's does... and those most optimist are saying that'll be at the end of 09:"The East Bay will begin an economic recovery at the end of 2009, coincident with the beginning of the U.S. recovery."says Levan Efremidze, an economist with the UCLA Anderson Forecast, quoted by the San Francisco Business times.
It's not all completely bleak though : "Though growth will be slow coming out of the recession, the long term prospects for East Bay economic growth, fueled by investments in “green” economy technology, computers and electronics, and export oriented products, are bright,” Efremidze writes."
Conveniently, these fields are exactly what the Chinese want from California! Good thing there's a ChinaSF then?
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