Inland Economy Looks Strong Heading Into 2020
The Inland Empire economy will continue to grow in 2020, but probably not as much as it has grown recently, according to the forecast released in November by the UC Riverside School of Business Center for Economic Forecasting and Development.
Speaking to local public and private sector dignitaries at the Riverside Convention Center, economist Christopher Thornberg dismissed talk of a recession and predicted that 2020 will be another solid year in Riverside County, with logistics and health care again expedited to again lead the way in job creation.
“The IE economy has been gaining momentum in recent years and although there has been a slowdown, based on everything we see happening today, all the handwringing over a coming recession is just that,” Thornberg said. “Nothing on the horizon would have a big enough or rapid enough impact to knock the region into a downturn.”