In a word, Southern California’s economic recovery this year will be slow. In two words, it will be slow and spotty.
Economists and real esate experts agree that the market will start to get back on its feet this year, but none of them predict the recovery will be anything but gradual. Although some industries, such as housing, will begin to improve, job losses are projected to continue through midyear. Other sectors like retail, meanwhile, may continue to struggle.
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