California
fromThe Mercury News
2 months agoCalifornia jumps to world's No. 4 economy. Can that last?
California's economy became the world's fourth-largest in 2024, surpassing Japan amid ongoing concerns about its economic sustainability.
"That means foreign investors hold way more American assets than Americans hold abroad," Ford added. "It's a setup that works fine when confidence is high, but in shaky times like 2025, it can become a pressure cooker."