Wednesday, September 25, 2019

We also like to point to the UCLA Anderson Forecast...

...first, because it gives a sense of where the state economy (and, therefore, the state and UC budgets) are going, and second, because it demonstrates that large facilities are available for conferences around the UCLA campus (apart from the Grand Hotel). Here is a summary from the official news release:
Stopping just short of predicting a recession in the U.S. through its 2021 forecast horizon, the UCLA Anderson Forecast, in its third quarterly report of 2019, expects the national economy to slow to 0.4% in the second half of 2020, before rebounding to 2.1% in 2021. Given the slow growth rate nationally and the weakness in the housing market, the Forecast expects California's unemployment rate to rise to an average of 5.1% in the fourth quarter of 2020. For the entire years of 2020 and 2021, the unemployment rate in the state is expected to average 4.6%...

Full text of release at:

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