Los Angeles County's economy grows in 2024 but faces slower growth and high costs in 2025-2026.

A new report forecasts that Los Angeles County's economy will face high housing and living costs in 2025, though sectors like healthcare, education, and tech will likely grow. The county's GDP is projected to rise by 3.3% in 2024, slowing to 2.1% in 2025 and 1.3% in 2026. Non-farm jobs may drop by 1.2% in 2024 but recover slightly in 2025. Public and private investments in renewable energy, tech, and infrastructure are advised to boost the economy.

4 months ago
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