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California economy is now the world’s 4th-largest. But other measures are grim.
California’s economy continued to grow at a fast clip of 6% in 2024, according to data and Newsom’s office. The top three economies in the world all grew at slower rates: 5.3% in the entire U.S., 2.6% in China and 2.9% in Germany.
Tariffs have contributed to declines in consumer sentiment indexes and fears that the United States' economy could shrink.
Two U.S. states made it into the top 10 largest economies in the world, according to the latest data from the IMF.
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