California Will Overtake Germany as 4th Largest Economy

Bloomberg: “California’s economy has proven relatively resilient, first through the pandemic and now through the current period of elevated inflation. So much so, that the Golden State’s gross domestic product is poised to overtake Germany’s as the fourth largest in the world after the US, China and Japan. It had already leapfrogged Brazil (No. 7) and France (No. 6) in 2015 and supplanted the UK (No. 5) in 2017.”

“Although many of California’s current figures won’t be published until 2023, estimates suggest the state may have already caught Germany, with at least one forecast implying California is ahead by $72 billion when considering the state’s recent growth rate.”