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Article: Ramifications of aerospace slump concerns experts.
- Article from:
- Los Angeles Business Journal
- Article date:
- July 9, 1990
- Author:
CopyrightCOPYRIGHT 1990 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Ramifications of aerospace slump concerns experts
Aerospace layoffs lead the worry-list of two recent economic forecasts whose authors expressed concern that the industry's biggest retrenchment since the early 1970s could spread to other Southland industries.
The possibility of a domino effect contributing to an economic slowdown or even to recession was mentioned by the UCLA Business Forecast for California and the Los Angeles Area Chamber of Commerce "Mid-Year Update -- 1990 Economic Forecast."
The domino effect, however, was discounted by a handful of economists interviewed last week by the Business Journal. They predicted strong job growth in ...