Chapman forecast: No double-dip recession

Like other economists, the Chapman folks say there will be growth - though it will be very slow. From OC Metro:

Both the regional and national economies have been buffeted by a series of factors that have combined to put the brakes on the weak, but steady recovery over the past 18 months. Soaring gas prices, the Japanese earthquake and the end of government stimulus spending, as well as the federal budget impasse, have impacted manufacturing output and chilled consumer confidence, and therefore spending, since January. However, Chapman President James Doti still predicted today "the recovery is downshifting, not reversing itself."

Doti expects payroll employment in the state to grow by 1.6 percent this year, and 2.1 percent next year. That's better than nothing - but not by much.