The economics of California’s drought

Jeff Michael at the University of the Pacific’s Center for Business and Policy Research summarizes data on economic recovery in California suggesting that the impact of the drought has not, at least to date, been as significant as some might suggest:

Focusing just on the Central Valley, there is a geographical pattern from north to south. The worst recovering areas are in the Sacramento Valley, while the strongest growth has been in the drought-stricken areas of the south Valley.