San Joaquin County Economy Remains Strong
A new survey indicates the San Joaquin County business climate remains strong. But one analyst says there are signs the local economy might lag under national policies.
Tuesday, December 21, 2004
The quarterly survey of the San Joaquin County business climate by the Eberhardt School of Business at University of the Pacific finds business operators and consumers continue to think the local economy is growing. However there’s some concern about where the economy is headed as the New Year arrives. UOP Economist Sean Snaith says the national deficit and the weak dollar have the potential to limit growth. SNAITH :11—Interest rates could start to climb up and the second has to do with prices and potential inflation. There’s some indication that there may be some increase in prices over the next several quarters. The potential impact is that financing of new homes will become more costly and the price of goods will go up. One sign of what the economic future may hold – local retailers aren’t having a good holiday season. Many businesses are offering discounts to move merchandise from the shelves. Bob Hensley KXJZ News.