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The economic experts of UCLA’s Anderson Forecast report a number of factors contributing to San Diego’s continued stability during the national economic slowdown. Tom Lieser, senior economist and author of the Anderson School’s California Economic Forecast, found in his latest update on the California economy that this summer San Diego and neighboring Orange County had achieved the lowest unemployment rates statewide, at 3.3 percent and 3.1 percent respectively.

The forecast notes several reasons why San Diego’s economy has continued to grow: increased construction activity, higher investment in public education, successful management of potential electricity shortages, and stable exports to Mexico, San Diego’s largest trading partner.

Christopher Thornberg, Anderson Forecast’s senior economist, has issued a special report on the economic impact of terrorist attacks on the World Trade Center and Pentagon. While Thornberg predicts the events will add to the current economic slowdown, he has prepared a comprehensive review of reconstruction efforts from previous slowdowns showing a strong economic stimulus in the quarters following the catastrophes. The Anderson School economists predict a nationwide economic recovery will begin in the first half of next year.

— Max Donner