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Economist expects continued slow recovery in Central Valley
It may not be a surprise to anyone that 2011 didn’t live up to expectations.
“That’s the problem when you come back to a place,” economist John W. Mitchell said as he delivered the 23rd annual Bank of Agriculture and Commerce Economic Forecast Thursday morning at the Stockton Hilton. “They remember what you said last year.”
Mitchell’s assessment then was that the economy was going to be up and it is, but it didn’t grow as fast as he thought it would and inflation was higher than he anticipated. But there were reasons for that. It turned out that July revisions were a big deal in 2011.
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