Southern California will ride the wave of strong economic growth entering 2024, buoyed by a healthy labor market, new development, tourism and increased foreign trade, the region’s leading economists said Thursday, Nov. 7.
Economists from across the six-county region offered a mostly optimistic forecast for the coming year, in a report released at the 14th Annual Southern California Economic Summit, though they cautioned that continued inflation and high interest rates will likely slow the rate of growth during the second half of 2024.