California faces the possibility of falling to sixth place worldwide in economic stature by Gross Domestic Product (GDP) in 2024, trailing behind India, which is on a rapid growth trajectory.
Although the state may lose its fifth place position, California is expected to surpass the GDP of the United Kingdom and France in 2024, highlighting its continued significance on the global economic stage.
California experienced a modest 2.1% economic growth in 2023, pointing to a somewhat sluggish year for the state's business environment compared to previous years.
[
add
]
[
|
|
...
]