It means nothing to me but I think ex Berliner may be right.
California’s economy has surpassed Russia and Italy to become the eighth-largest in the world, according to the Center for Continuing Study of the California Economy.
The state’s gross state product was $2.203 trillion in 2013, behind Brazil. California’s economy benefits from diversity and job growth that has expanded beyond the tech industry in recent years, said Steve Levy, director of the center.
“I think the first component is the very large tech surge in the Bay Area,” he said. “The second component that’s done very well is trade and tourism,” which is centered in Southern California, home to several ports and tourist destinations. Prior to drought, agriculture in the Central Valley also contributed significantly, he said.
“This is just a reminder that California is in a strong recovery and is coming back,” Levy said.
