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Southern California economy on pace to lose $5 billion due to pandemic

Some Disneyland rides halt after power outage, riders rescued
Posted at 10:00 AM, Oct 26, 2020
and last updated 2020-10-26 13:00:55-04

The coronavirus pandemic is having a major impact on Southern California's economy with Disneyland being closed. Economists at Cal State Fullerton say the financial loss could total up to $5 billion.

According to Orange County officials, the southland's economy has already lost $3 billion. Another $2 billion could be lost if Disneyland remains shut down through next March.

Orange County could see a total of 33,000 jobs lost with the amusement park still closed.