CA: San Diego Economy Likely to Remain Weak Thru 2013

San Diego Gay Real EstateSan Diego will see a period of slow growth as it continues rebuilding from the recession, with some positive signals in commercial real estate and Asian tourism, a panel from UCLA’s Anderson Forecast said Monday.

Those experts predict the national economy will gradually rebound in mid-2012, expanding by a modest yearly pace of 2.5 percent to 3 percent. They also forecast that unemployment rates will stay high and the housing market — in San Diego County and nationwide — probably will remain soft.

“I’m a little more worried (about slipping back into recession) than I was five months ago, but it’s more likely that we’ll grind along, stuck in the mud, proceeding at stall speed,” said University of San Diego economist Ryan Ratcliff, who helped compile the Anderson report.

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