IRVINE, CA--(Marketwire - October 28, 2010) - 2011 may be the year of two new "R" words -- recovery and reform -- according to the Economic Forecast Conference held today by the Orange County Business Council (OCBC) and Cal State Fullerton's Mihaylo College of Business and Economics. The 16th annual event featured an overview of the current state of the economy, with specific analysis of the outlook for the business climate in Orange County and Southern California.