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New Economic Forecast Says Ventura County Picture To Remain Weak, And County On Cusp Of Major Change

Posted on Friday, November 9, 2012 12:01am

A new economic forecast says that Ventura County could see some slight growth, but is also on the cusp of major changes.

The California Lutheran University Center for Economic Research, and forecasting is presenting its 2013 Ventura County Forecast today. In the report, forecasters say the county’s gross domestic product output will continue to remain at a lower rate than the state’s.

It says while there will be a pickup in job growth in the county, most of them will be in the low wage sector. It also says short term, retail sales and real estate will remain soft.

Center Executive Director Bill Watkins says the county’s population is aging, with almost zero population growth, a declining birth rate, and younger families moving out of the county. Watkins says they could be signs of a longer term economic decline.

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