5th-largest global economy, California's economic growth rate concerns its future status.
California, currently the world's 5th-largest economy, may wonder how long it can maintain this status. With a GDP of $3.99 trillion in 2024's first quarter, it's 50% larger than Texas at $2.66 trillion. Only New York, Florida, and Illinois are in the trillion-dollar club, but California's economic growth rate of 1.2% may be a concern for its future as a top global economy.
July 26, 2024
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