Inland Empire economic expansion outpaces nationwide GDP growth rate

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The Inland Empire’s economy is showing signs of sturdy growth as 2021 nears a close, with the housing market leading the way, according to a report released last week. The UC Riverside School of Business’ Center for Economic Forecasting released its quarterly Inland Empire Business Activity Index, Wednesday, Oct. 13, which indicated private sector activity as a whole expanded 8% throughout the region in the second quarter of this year, topping the nationwide gross domestic product growth rate of 6.6%. “The Inland Empire’s better relative performance stems both from the fact that many parts of the local economy have shed the effects of the pandemic and because the area fell into a deeper hole during the crisis than the nation overall, leaving more room for growth,” Center fo
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