• Local economy to be positive in 2003, although not as good as in recent years

• San Diego's economy will outperform the rest of the state of California and the rest of the nation

• Wild card: Military conflict with Iraq

National implications - spike in oil prices, drop in consumer confidence, turmoil in financial markets

Local implications - deployment of personnel from San Diego, tourism adversely affected by terrorism fears

• State budget deficit also a concern

- $20 - $30 billion deficit

- Tax increases or spending cuts could further slow economy

FAX: (619) 501-2954 

E-mail: agin@cox.net