Bloomberg Businessweek - ● (via #bloombergopinion) California’s economy has proven relatively resili

● (via California’s economy has proven relatively resilient, first through the pandemic and now through the current period of elevated inflation. So much so, that the Golden State’s gross domestic product is poised to overtake Germany’s as the fourth largest in the world after the US, China and Japan.● Although many of California's current figures won't be published until 2023, estimates suggest the state may have already caught Germany, with at least one forecast implying California is ahead by $72 billion when considering the state's recent growth rate.● “All this data continues to belie the dominant narrative and illusion” of California's “best days being behind us,” Gavin Newsom said in a zoom interview. “As somebody who's grown up in California, I feel pride in California's resilience, leadership, its entrepreneurs, its formula for success that goes back over half a century.”● Tap the link in our bio for more. (📸: Bing Guan/Bloomberg via Getty Images)
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