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What’s In Store For San Diego’s Economy In 2019?

Twenty dollar bills are shown in this photo, Aug. 23, 2017.

Photo by Erik Anderson

Above: Twenty dollar bills are shown in this photo, Aug. 23, 2017.

GUEST: Ray Major, chief economist, San Diego Association of Governments

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Transcript

It was overall another good year for the U.S. and the San Diego economies.

San Diego's unemployment rate remains lower than the state and national averages at 3.2 percent and the economy has continued to grow at a strong pace.

"It's been 10 years since we came out of the recession. We've had a slowly expanding economy but the last couple of years the San Diego economy has been on fire. Last year, we saw somewhere around 3 percent economic growth," said Ray Major, chief economist at the San Diego Associations of Governments.

But there are signs the economy could be slowing in 2019. From rising interest rates to tariffs and concerns over the stock market, the economy may be facing some speed bumps ahead.

Major discusses his economic predictions for 2019, Thursday on Midday Edition.

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