By Staff Reports
(Victor Valley)– The outlook for business activity in the Inland Empire remains positive, with gains expected to continue throughout 2020, according to UC Riverside’s Center for Economic Forecasting & Development.
Over the coming year, business activity in the region is forecast to rise between 1.9% and 2.3%. The Inland Empire can count on years of growth in the Logistics sector, a key regional industry. The recent tariff war truce between the United States and China is welcome news for California’s trade businesses, in general, as 2019 marked downward years for both imports to and exports from the state. Removing the uncertainty surrounding U.S. trade policies, if only in the short-term, should help to steady the picture in 2020, according to UCR’s Center for Economic Forecasting & Development.