Marin, California's Economy will Continue Rebound; Biotech Cluster May be Forming

Published: May 06, 2011

Marin's economy will grow this year at its fastest rate since 2006, but its recovery will still be slower than post-recession rebounds in the two previous decades, according to a report released Thursday.

The report, prepared by the Marin Economic Forum, forecasts Marin's gross county product — the total economic output and the local equivalent of GDP — to rise by 4.2 percent in 2011, up from 3.1 percent in 2010 and a low of 1 percent in 2008.

But the county's economic recovery will be uneven, and it could be hurt by global economic and political problems and tightening federal and state budgets, according to the report.

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