By Dan Walters
Published: Sunday, Dec. 9, 2012 – 12:00 am | Page 3A
Is there light at the end of the dark tunnel that has been California in recent years – or is it merely another train wreck in the making?
The state’s long economic malaise appears to be ending, two sets of economists said last week, while a new postelection survey of Californians finds them more optimistic than they have been for many years.
The flip side is that the state’s recovery from the worst recession since the Great Depression remains slow and fragile, and could be derailed by downturns in the national and international economies.
And while Californians’ dispositions have become sunnier of late, they’re still wary and uninterested in another tax increase on top of Proposition 30, which won voter approval last month.
UCLA’s Anderson Forecast issued one of the mildly optimistic analyses of the state’s economy, seeing continued growth in payrolls and personal income and a slow decline in its unemployment rate, finally dipping below 10 percent in 2013.
Beacon Economics, a private firm that does economic forecasting for a number of local communities, issued one for the Riverside area last week and included a somewhat more upbeat state version than Anderson, calling California “a driving force behind the national economic recovery” with nearly 300,000 jobs added in the past year.
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