Welcome to Banning. California. The City of Banning is strategically located astride Interstate 10 in the San Gorgonio Pass. The City, incorporated in 1913, has a rich and colorful history. Initially, Banning served as a stagecoach and railroad stop between the Arizona territories and Los Angeles.
A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market.
The mining sector in Alaska, the slowest growing state economy and one of only two states where GDP actually declined, subtracted 1.84 percentage points from the stateâs GDP growth rate last year. The professional, scientific, and technical services sector was the largest contributor to U.S. economic growth last year.