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Economist Kelly Cunningham of National University System Institute for Policy Research says that this year, inflation-adjusted growth in San Diego will come in at 1.4%, which will top California's 1.2% but lag the U.S.'s 1.6%. Next year, the San Diego economy will grow by 1.8%, California 1.6% and the U.S. 1.9%, says Cunningham. One major problem for San Diego is that real estate activities account for 20% of economic activity, and those are weak spots.

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