SECOND ANNUAL SAN DIEGO ECONOMIC ROUNDTABLE

San Diego’s economy will move ahead at a pace faster than California and the rest of the country, according to a panel of economic experts who took part in the Second Annual San Diego County Economic Roundtable last Friday at the County Administration Building.

Taking part in the exercise were: Duane Paul, senior economist with the Bank of America; Max Schetter, vice president of the Greater San Diego Chamber of Commerce; Marney Cox, senior regional planner with the San Diego Assn. of Governments; Bill Bamberger, an economist with San Diego County; Matt Herndon, Economic Research Supervisor with San Diego Gas & Electric; Ron Barbieri, president of Torrey Urban Research Institute; Katherine Kazombolis, financial analyst with San Diego County, and Dave Flesh, supervising economist with the City of San Diego.

PREDICTIONS: ACTUAL PAUL SCHETTER COX BAMBERGER 1985 Population growth (000) 48 59 49 45 50 Employment growth (000) 40 30 38 36 37 Unemployment rate (%) 5.6 6.2 5.9 6.2 5.5 Housing permits authorized (000) 39 33 33 29 34 Inflation rate (%) 5.6 5.5 5.5 6.0 5.1 Housing prices (%, Change) 2.9 2.5 5.5 8.0 5.0 Interest rate (%, Prime) 9.9 9.0 8.9 10 9.5 Interest rate (%, Home) 12.1 10.5 10.5 11.5 10.5

PREDICTIONS: HERNDON BARBIERI Population growth (000) 48 52 Employment growth (000) 26 35 Unemployment rate (%) 6.4 5.8 Housing permits authorized (000) 32 32 Inflation rate (%) 4.5 5.5 Housing prices (%, Change) 6.5 4.5 Interest rate (%, Prime) 9.4 9 Interest rate (%, Home) 11.0 11

PREDICTIONS: KAZOMBOLIS FLESH AVERAGE Population growth (000) 49 NA 50 Employment growth (000) 38 NA 34 Unemployment rate (%) 6.0 6.0 6.0 Housing permits authorized (000) 34 NA 32 Inflation rate (%) 5.5 4.5 5.3 Housing prices (% Change) 5.0 2.5 4.9 Interest rate (%, Prime) 9.8 9.5 9.4 Interest rate (%, Home) 10.8 11.0 10.9

NA (City of San Diego data only, not county-wide)