LOS ANGELES -- California's recession will continue through mid-1993 and may last until 1994, according to a business forecasting report released yesterday by the University of California at Los Angeles.

"The outlook assumes a weak recovery beginning in the fall of 1993, but given the fact that the conditions necessary for recovery are still not on the horizon, we caution that the recession could very well last into 1994," David Hensley, director of the forecast, said in a statement.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.