California Poised to Overtake Germany as World’s No. 4 Economy
Contrary to popular belief, the Golden State has proven resilient, outperforming its US and global peers.
California is gaining in the world’s economy.
Photographer: Justin Sullivan/Getty Images
Gavin Newsom is as familiar as anyone with the media narrative of earthquakes, persistent wildfires, droughts, homelessness and companies fleeing California to Texas for a tax- and regulation-free lifestyle. This is nothing new. California’s governor recalls a 1994 Time Magazine cover story citing “a string of disasters rocks the state to the core, forcing Californians to ponder their fate and the fading luster of its golden dream.”
And yet, “the California dream is still alive and well,” the state’s 40th governor said in a Zoom interview a month before his probable reelection.