Embargoed 2008-09 Mid-Year Forecast  

                                                                             July 03, 2008

 

QUESTION: Will High Energy Costs Hurt Key Local Industries? What is the fall-out from labor problems in Hollywood?  Is there any good news out there?

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Los Angeles County Economic Development Corporation (LAEDC) presents its  2008 Mid-Year
Economic Forecast Update, which will include for the first time its Foreign Direct Investment study
highlighting the economic impact of FDI to the regional economy

 

2008-2009 LAEDC Mid-Year Forecast Update Results
Embargoed Until 12:01 A.M. Wednesday, July 16, 2008

 What:          LAEDC’s 2008-2009 Mid-Year Economic Forecast Update

 

(Media -Please call for study link)

 

Who:     PANEL I – Foreign Direct Investment – 

                                    Nancy Sidhu, Senior LAEDC (FDI presenter)
                             Vance Baugham, Pres. World Trade Center, Los Angeles - Long Beach

                             James Dibbo, Chief Financial Officer, BT Americas

 

PANEL II –Economic Overview -

Jack Kyser, Chief Economist and Senior Vice President, LAEDC

               Richard Weiss -Chief Investment Officer, City National Bank John Burns, Real Estate C

                             Moderated by Frank Mottek, KNX Business Hour

 

When:                     WEDNESDAY MORNING, JULY 16TH

7:00 – 8:00 a.m.   Continental Breakfast & Networking

8:00 – 10:30 a.m. Opening Remarks, Presentations and Q&A Session

 

 

Where:   Los Angeles Marriott Downtown, Grand Ballroom
333 S. Figueroa Street, LA, 90071

Background

 

More than 300 of the region’s top business, civic, education, and political leaders are expected to turn out for LAEDC’s Mid-Year update to its 2008-2009 Economic Forecast on Wednesday, July 16, 2008. What is the economic impact of rising energy prices? Experts will discuss this along with the outlook for the regional and national economy, financial market, and the housing market. When will the housing market bottom out?  What will be the impacts of a sluggish economy on government?


[Editors: The study results will be posted at 12:01 A.M., Wednesday, July 16, 2008, @ www.laedc.org and www.MayoCommunications.com. Media please call George McQuade for advanced copy or link to study.

Spanish Speaking Senior Economist Eduardo Martinez (213) 236-4843 is available for all Spanish media.]