Slow economy but no recession, experts say

An anemic housing market and strike-battered entertainment sector may drag on the Southern California economy, but the region will still remain strong enough to avoid recession through 2009, a leading forecast said today. Gregory J. Wilcox in the Daily News.

As measured by job creation, the regional economy should grow by 0.5 percent this year and to 1 percent in 2009, said the Economic Forecast and Industry Outlook compiled by the Los Angeles County Economic Development Corp.

Jack Kyser, the LAEDC's senior vice president and chief economist, said the local economy will benefit from the diversity of its employment base.