San Diego’s long time self-declared nickname as America’s finest city with America’s finest weather may be facing some dark clouds when it comes to our economy.
According to a new report from the Voice of San Diego, there are signs of possible trouble for the San Diego area economy.
Those signs are the result of the possible impacts of federal trade and immigration policies that could threaten the county’s $315 billion gross domestic product that is fueled by cross–border commerce
Some business leaders are already wringing their hands, as the reporter writes, over the higher cost of goods and labor shortages manufacturing.
The Voice of San Diego quotes noted economist Alan Gin at USD as saying, that “biotech companies, medical device manufacturers, the port, auto dealers and warehouse and shipping companies, all depend on the $80 billion worth of goods that pass back and forth across the San Diego region’s border with Mexico each year.”
In other words, there are worries in the business community and while no one can say for sure what will happen, it could mean a local economy that may not match San Diego’s reputation as America’s finest place.
(Photo C. Albert)