CSULB Economic Forum: U.S. Approaching Record Economic Expansion; Long Beach Experiencing Development BoomRelease Date: 2018-05-07
At the annual California State University, Long Beach (CSULB) Regional Economic Forum, economist Robert Kleinhenz told attendees that, come June, the United States will have achieved its second-longest period of economic expansion. Kleinhenz, who is the executive director of research for Los Angeles-based Beacon Economics, said that the expansion could ultimately break the country’s all-time record.
The sold-out event – presented by the CSULB Department of Economics, Office of Economic Research – took place on April 25 at the Long Beach Convention & Entertainment Center. Attendees ranged from academics to real estate professionals, financial services executives, city staff and elected officials, university students, and many other local professionals.
“We are closing in on the second longest economic expansion on record in the U.S. economy since World War II. Come June, it will become the second longest expansion on record,” Kleinhenz said. “I predict that we will continue to expand past that. And I would say that the longest expansion on record is probably within our sight.”
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