Unemployment is inching up, tech layoffs continue and IPOs are waning. Experts expect a downturn, but it’s still possible the state will avoid a recession.

Californians who don’t file taxes — because they don’t earn enough to owe any — won’t receive the new round of state payments. That includes some seniors and disabled people, as well as some of the lowest-income adults.

Some advocates in Sacramento say the revised budget unveiled May 13 by Gov. Gavin Newsom providing $18.1 billion for the poor won’t be enough.

California’s economic recovery from the devastations of the pandemic was stronger than previously estimated — but skyrocketing inflation could rob the state of its hard-earned gains.