- California has overtaken France as the world’s sixth-largest economy, growing by 4.1% in 2015.
- The most-populous U.S. state, with a gross domestic product of $2.5T, has also eclipsed recession-plagued Brazil.
- "This is the result of both good growth in California and exchange-rate movements of the dollar vs. other currencies," said Irena Asmundson, chief economist of the California Department of Finance.
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