ECONOMY

Southland Economy to Pick Up Steam, Report Says: While growth in the national economy will slow in 1995, the economic rebound will strengthen in Southern California and the state as a whole next year, according to the Economic Development Corp. of Los Angeles County. California’s inflation-adjusted gross product will grow 1.9%, compared to 1.4% in 1994. The Los Angeles five-county area will grow at a 2% rate next year, compared to 1.5% in 1994. The Riverside-San Bernardino area will enjoy the biggest gain in non-farm employment, with a 2.4% increase. Los Angeles County will post a 1.2% employment increase, Orange County will see a 1.9% gain, and Ventura County will record a 1.3% increase.