Gloomy economic forecast

Los Angeles County's plummeting housing market has pushed the region to the brink of recession while some communities have already dropped into negative growth territory, according to an economic forecast released today.Gregory J. Wilcox in the Daily News.

It's the bleakest outlook in years from the Kyser Center for Economic Research at the Los Angeles County Economic Development Corp. - and much different from the forecast issued at the beginning of 2008.

"It's much gloomier," said Jack Kyser, LAEDC chief economist.

"This time, it's a whole bunch of negative forces and they are all hitting at once. There is a high level of fear out there on the part of business and the general public."