Strong CA Economy in 2022 Before Potential Recession in 2023: Chapman Economist

Strong CA Economy in 2022 Before Potential Recession in 2023: Chapman Economist
Professor and President Emeritus Jim Doti delivers the 44th annual Economic Forecast at Chapman University’s Musco Center for the Arts on Dec. 14, 2021. Courtesy of Chapman University
Vanessa Serna
Updated:

Californians may see a strong economy in 2022, but the possibility of a recession in 2023 lingers, President Emeritus and Economist James Doti said during Chapman University’s 44th annual economic forecast on Dec. 14.

As pandemic restrictions for businesses dwindle, California anticipates job growth of 4.2 percent in 2022 in comparison to 3.5 percent nationwide, according to Doti.