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Energy Crisis Wreaking Havoc on California Economy.(Brief Article)

Government Finance Review

| August 01, 2001 | COPYRIGHT 2001 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

California's output of goods and services could shrink by as much as 1.1 percent next year, and unemployment could rise more than 1 percentage point more than it otherwise would, due to higher electricity costs and blackouts. The study was prepared by the Anderson Business Forecast at UCLA and Cambridge Energy Research Associates. The assessment of the effects of the electricity shortage is one of the gloomiest to date. It contrasts with the views of some experts who have argued that, however inconvenient the energy crisis, the actual economic impact will prove relatively minor. Higher residential and commercial ...

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Source: HighBeam Research, Energy Crisis Wreaking Havoc on California Economy.(Brief Article)

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