Newsom has made claims California will become the 4th biggest economy in the world. The reality check for him is California’s economy is a dumpster fire and he can only blame himself.
If California were a nation, it would be the world’s fifth largest economy. Soon, it may become the fourth.
The Golden State is on track to overtake Germany for the No. 4 spot, according to an opinion column from Bloomberg News editor-in-chief emeritus Matthew Winkler. It became the fifth largest economy in 2015, surpassing the United Kingdom, France and Brazil.SponsoredinfoReport video
California Gov. Gavin Newsom was quick to take a victory lap Monday afternoon.
“While critics often say California’s best days are behind us, reality proves otherwise — our economic growth and job gains continue to fuel the nation’s economy,” Newsom said in a statement. “California’s values and entrepreneurial spirit have powered this ascent to becoming the fourth biggest economy in the world, and we’ll continue doubling down on industries of the future, like renewables and clean energy. I feel tremendous pride in California’s resilience, leadership, and our formula for success.”
