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Economist Upbeat on Inland California's Prospects, Even without Housing Boom.
Knight Ridder/Tribune Business News, February, 2004
By Jack Katzanek, The Press-Enterprise, Riverside, Calif. Knight Ridder/Tribune Business News
Feb. 7--If Inland Southern California's economy continues its steady growth in 2004, it might happen without some of the sizzle that came from the housing boom, an economist with regional ties said Friday.
Michael Bazdarich, who was director of the UCR Forecasting Center for 10 years and is now affiliated with UCLA, told business leaders at Riverside Community College that the two-county area will benefit from renewed economic growth nationally.
But Bazdarich said his crystal ball does not show the kind of housing growth Riverside and San Bernardino counties have seen recently. The region's building boom has been the dominant economic factor...
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