Economic Forecast Conference highlights strength in OC economy
On October 25, OCBC and CSU Fullerton held the 23rd Annual Economic Forecast Conference at Hotel Irvine with over 700 business, academic and community leaders in attendance, sponsored by US Bank. The conference theme was “Sustainable Growth? Adapt, Connect and Transform in a Shifting Global Economy.” The event featured the release of the 2018 Economic Forecast report, as well as a key note presentation by Eric Haller, Executive Vice President and Global Head, Experian Data Labs. The 2017 Economic Forecast from CSU Fullerton economists Dr. Anil Puri, Interim Provost and Vice President of Academic Affairs and Dr. Mira Farka, Associate Professor, Co-Director Woods Center for Economic Analysis and Forecasting. The findings of Dr. Puri and Dr. Farkahighlighted that Orange County is still in the midst of a strong recovery with historically low unemployment while newer industries continue to drive growth, indicating that the local economy remains strong. The biggest factors for uncertainty in the market are federal policy holes yet to be filled: taxation reform as well as healthcare reform. The key issue of housing, a pressure point for the state as a whole, was highlighted as an economic factor that needs addressing. For more information, contact Jocelin Jimenez, Director of Economic Development.