State economists optimistic for California's recovery

Economic forecasters are predicting better growth in California than elsewhere in the United States for 1997. "The Sacramento metropolitan area will again be one of the brighter spots in the state's economic picture," says Howard L. Roth, Bank of America's vice president and senior economist. He feels that Sacramento's economic growth looks promising in the long run as well. Roth's forecast echoes the predictions made by Daniel J.B. Mitchell, chair of the UCLA Anderson Business Forecasting Project. "California's economy shows faster growth than the rest of the country and Northern California is ahead of the south state in its economic recovery," says Mitchell. He is also concerned about the risk of the national economy growing too quickly, too fast, forcing the Federal Reserve Board to clamp down by raising interest rates. Both economists will be presenting their findings at the UC Davis Graduate School of Management's Business Partners breakfast meeting at the Vizcaya Pavilion, 2019 21st St., in Sacramento. The presentations on Wednesday, Jan. 29, begin at 8:15 a.m.

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Julia Ann Easley, General news (emphasis: business, K-12 outreach, education, law, government and student affairs), 530-752-8248, jaeasley@ucdavis.edu