Status check on 2012 economic forecasting shows very slow but steady growth is gaining traction and should continue in coming two years.
TURLOCK, Calif. — July 20, 2012 — The San Joaquin Valley is showing gradual signs of economic recovery and should continue slow growth in the next two years, according to a report by Dr. Gökçe Soydemir, endowed professor of business economics at California State University (CSU), Stanislaus.
Soydemir recently released a midyear update of his inaugural Business Forecast Report, first published in November 2011. The midyear update is to assess the accuracy of the initial report and provide updated forecasts to 2014. Per Soydemir, the initial forecasts were off by less than 3 percent, well within the target accuracy margin of 5 percent.