As part of The Daily Transcript's special report on San Diego’s economy, we polled a number of local business leaders, each of whom participated in a roundtable discussion in 2012. We asked each business leader the following questions:
While the U.S. economy continues its anemic recovery, the travel and hospitality industry has enjoyed more robust growth. In San Diego, the sector continued to show modest improvement in the second half of 2012, but industry experts anticipate slower growth in 2013.
The congressional stalemate over fiscal negotiations on taxation and spending, rising health care costs and California’s regulatory environment for businesses weigh down on the potential growth of San Diego’s economy, according to a Daily Transcript survey sampling business leaders in San Diego County.
For some time, we have been using the metaphor of inclement and uncertain weather to describe what San Diego should see in 2013. The recent election served to “cut through the fog” in some respects, but significant crosswinds remain. While leaders from all sectors of our economy need to remain vigilant, we do expect further job gains in 2013, building on the recovery of the prior three years. In summary, 2013 is likely not an easy year, but it should be a better year.
Dec. 13, 2012 -- George Chamberlin and Dr. Lynn Reaser, chief economist at Point Loma Nazarene University's Fermanian Business & Economic Institute, discuss San Diego's economic outlook, the Federal Reserve board's recent meeting and more.