Bay Area’s booming economy shows no sign of slowing down, but residents struggle to keep up


If the Bay Area were a country, it would have the 19th largest economy in the world after the Netherlands and ahead of Switzerland, according to a detailed new report from the Bay Area Economic Institute think tank.

By almost any measure, the region’s economy is booming. The Bay Area churned out a whopping of $748 billion gross domestic product in 2017 and hit an annual growth rate of 4.3 percent during the past four years — nearly double the nation’s growth rate.

“Not only is the regional…

Previous Dozens of new homes planned near UC Davis Medical Center
Next Phoenix sees sharp increase in families renting rather than buying homes