San Diego’s Economy Looks Promising For 2013, But Challenges Still Ahead
Wednesday, January 2, 2013
Aired 1/2/13 on KPBS Midday Edition.
Dr. Lynn Reaser, chief economist, Fermanian Business & Economic Institute of Point Loma Nazarene University.
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.