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OC Execs’ Outlook Brightens: CSUF

Recession possibility uncertain

Orange County executives’ business outlook for the just-started third quarter rose to 68.4 from 66.9 in the previous three-month period, the highest level in over a year, according to California State University, Fullerton economists led by Anil Puri.

A reading of above 50 indicates a belief in future growth.

Puri, the director of the Woods Center for Economic Analysis and Forecasting at CSUF, said today there is “uncertainty about whether the U.S. economy is headed for recession.” About 53% of respondents said any such downturn will be “mild.” Inflation remains a major concern among OC business leaders.

The survey was conducted from June 19-28. The survey response rate was 9.5%; the number of those queried was not specified.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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