California Forecast: Faster Growth Ahead Despite Lingering Joblessness

• California's economy forecast to grow faster than national average in 2024, though unemployment will remain higher • Inflation should drop to 2.6% in California this year after averaging 4% in 2022 • Tech sector provides growth potential, though recent layoffs noted • Housing market expected to recover somewhat due to demand and lower mortgage rates • Risks include domestic policy, international events, potential state budget cuts