Southern California Continues to Outperform the Nation in Employment Growth, but Housing Crisis, Income Gap Present Significant Threats to Six-County Region

Southern California’s top economists on Thursday offered a largely promising outlook for the region, forecasting continued strong growth across key industry sectors into 2020 and the foreseeable future.

“If I could summarize in three words: Things are good,” Wallace Walrod, chief economic advisor for the Orange County Business Council, told the 10th Annual Southern California Economic Summit. “I don’t have a crystal ball to predict when the next recession will occur, but nothing in the numbers would suggest that happening soon.”

Sponsored by the Southern California Association of Governments (SCAG) and the Southern California Leadership Council, the summit brought together leaders and influencers from across the six-county region to hear updates on the economy, the housing crisis and Connect SoCal, SCAG’s 2020-2045 Regional Transportation Plan/Sustainable Communities Strategy.

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