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CSULB’s 18th Annual Regional Economic Forecast Set For May 10

Published: May 1, 2012

Has the economic recovery taken hold in Southern California? How is the region doing compared to the nation in terms of economic growth? Which industries are now growing the fastest and which are poised for recovery in the near term? And, are there signs of an upturn in the regional housing market?

These are just some of the questions that will be discussed at CSULB’s 18th annual Regional Economic Forecast Conference on Thursday, May 10, beginning at 7:30 a.m. at the Hyatt Regency Long Beach.

Focusing on the five-county region that includes Los Angeles, Orange, Riverside/San Bernardino and Ventura counties, the 2012-13 Regional Economic Forecast will estimate employment growth rates for the region as a whole as well as those for each individual county. Local business and civic leaders will be on hand for the two-and-a-half-hour event.

“Some sectors of the economy are coming out of recession faster than others, and some areas of the region are leading the recovery while others lag a bit,” said Lisa Grobar, professor of economics and director of the CSULB Economic Forecast. “At this year’s forecast, we will be presenting data that show where the best job prospects are in the regions and we will be discussing the prospects for future economic growth.”

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In addition to Grobar, presenting this year’s forecast will be Joe Magaddino, CSULB emeritus professor of economics, and Kristen Monaco, a professor of economics and director of the graduate program in global logistics.

The annual forecast is compiled through the use of comprehensive sets of data on trade, housing, employment and income. The regional effect of multiple national variables, such as interest rates, the federal budget and international trade, is also factored in.

The cost for individuals to attend the conference is $125 which includes a buffet breakfast and hand-out materials. For more information about the 2012-13 Regional Economic Forecast, contact the CSULB Office of Economic Research at 562/985-5061.

–Rick Gloady