War Boosts U.S. Economy, Benefits SoCal Defense
California News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Economists at Chapman University predict a short war with Iran could boost U.S. economy, with real GDP growth in 2026 rising to 2.2%. The main driver would be a surge in military spending, benefiting defense contractors in Southern California like Northrop Grumman and Lockheed Martin. However, not everyone agrees, warning that skyrocketing gas prices and inflation could crimp consumer spending. As the war continues, these economic ripples could reshape growth forecasts and highlight the impact of regional industries on national recovery.
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