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San Diego’s Economy Looks Promising For 2013, But Challenges Still Ahead

Evening Edition

Above: Lynn Reaser, the chief economist for the Fermanian Business & Economic Institute of Point Loma Nazarene University, and Alan Gin, author of University of San Diego's Index of Leading Economic Indicators, talk to KPBS about San Diego's economy.

Aired 1/2/13 on KPBS Midday Edition.

GUESTS

Dr. Lynn Reaser, chief economist, Fermanian Business & Economic Institute of Point Loma Nazarene University.

Alan Gin, professor of economics, University of San Diego, and author of USD's Index of Leading Economic Indicators.

Transcript

As the nation has been focused on the machinations and stalls in Washington D.C. over fiscal cliff negotiations, San Diego economists have been busy forecasting our region's economy for 2013.

Lynn Reaser, Point Loma Nazarene University's chief economist, says while there are still hazy skies ahead, the fiscal fog is clearing.

"We did see reprieve on the tax side, but we still have another couple months, big decisions to make on the spending side," she said.

She said cuts to the defense department and sciences would hurt San Diego severely.

Alan Gin, author of University of San Diego's Index of Leading Economic Indicators, said he expects 2013 to be a good year.

"I'm optimistic, I expect we'll add about 20,000 to 30,000 jobs in the local economy in the coming year," he said.

Claire Trageser contributed to this report.

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