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California is Now the World's Fourth Largest Economy, Surpassing Japan
California is now the world's fourth largest economy, surpassing Japan, with a GDP of $4.1 trillion. Governor Newsom attributes this to investments in people and innovation but warns that Trump's tariff measures could harm growth.
California economy is now the world’s 4th-largest. But other measures are grim.
California’s economy continued to grow at a fast clip of 6% in 2024, according to data and Newsom’s office. The top three economies in the world all grew at slower rates: 5.3% in the entire U.S., 2.6% in China and 2.9% in Germany.
As Gabe Petek, the Legislature’s budget analyst, said in a January response to Newsom’s state revenue forecast, “These gains ...
Newsom says the tariffs in effect have resulted in inflated costs and billions of dollars in damage in California, which has the largest economy among U.S. states and is a massive exporter.
China can expand domestic demand through various policies including rebates for swapping old vehicles, appliances and factory ...
California wineries, which produce about 80% of American wine, are being slammed by Trump's tariffs. Canada has issued ...
Nevada’s $261B economy ranks among the Mountain West and U.S. states. See how it compares — and which states have the biggest economies.
ABC News’ Stephanie Ramos spoke with Mario Cordero, CEO of the Port of Long Beach, on how the global trade war is causing an ...
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