An L.A. County economic forecast was revised.

Bank of America said economic growth for Los Angeles County this year will be 3.1% rather than the 3.7% it forecast in January. Bank senior economist Duane Paul attributed the downward adjustment to lower oil prices, which are cutting oil-related employment, and lower than expected export stimulus from the declining dollar. Civilian employment in the county will grow by 115,000 jobs instead of the 135,000 originally anticipated, Paul said.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
58°