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douglas9

(4,474 posts)
Mon Oct 24, 2022, 11:54 AM Oct 2022

California Poised to Overtake Germany as World's No. 4 Economy

Gavin Newsom is as familiar as anyone with the media narrative of earthquakes, persistent wildfires, droughts, homelessness and companies fleeing California to Texas for a tax- and regulation-free lifestyle. This is nothing new. California’s governor recalls a 1994 Time Magazine cover story citing “a string of disasters rocks the state to the core, forcing Californians to ponder their fate and the fading luster of its golden dream.”

And yet, “the California dream is still alive and well,” the state’s 40th governor said in a Zoom interview a month before his probable reelection.

He’s not wrong. 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. It had already leapfrogged Brazil (No. 7) and France (No. 6) in 2015 and supplanted the UK (No. 5) in 2017. 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.



https://www.bloomberg.com/opinion/articles/2022-10-24/california-poised-to-overtake-germany-as-world-s-no-4-economy

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California Poised to Overtake Germany as World's No. 4 Economy (Original Post) douglas9 Oct 2022 OP
Suck it world! CA rules! ZonkerHarris Oct 2022 #1
Wonder where USA would stand by itself if you took California out of the equation. Midnight Writer Oct 2022 #2
CA residents even got a big BigmanPigman Oct 2022 #3
lots of produce grown here. I just hope there's enough water.... IcyPeas Oct 2022 #4

Midnight Writer

(22,944 posts)
2. Wonder where USA would stand by itself if you took California out of the equation.
Mon Oct 24, 2022, 12:23 PM
Oct 2022

Odd that the capitalist Republicans hate the State in America that is kicking the most ass in the money-producing game.

BigmanPigman

(52,216 posts)
3. CA residents even got a big
Mon Oct 24, 2022, 01:20 PM
Oct 2022

deduction in our August has and electric bills. Every little bit helps. Many are set to receive stimulus money this month too.

https://www.kiplinger.com/taxes/taxes/state-stimulus-checks-in-2022

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