March 2015 Economic Outlook

March 2015 Economic Outlook

PRESS RELEASE

UCLA Anderson Forecast: Continued National Growth; California Remains on Even Keel

UCLA Anderson Forecast’s first quarterly report for the United States economy says that the nation “looks like an island of stability in a very volatile world.” The implication is that the U.S. is still on track for 3% GDP growth for the next two years, despite slow growth and currency devaluations throughout much of the rest of the developed world.


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CALIFORNIA PORTS

Did Negotiations Lead to a Rainbow Over Panama?

At the end of June 2014, the contract between the International Longshoremen and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) expired and a protracted negotiation ensued. In November, the PMA accused the ILWU of engaging in a slowdown. To be sure, cargo ships began stacking up as they awaited berths from Seattle to Long Beach and supply chains from Asia were interrupted.


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UCLA Anderson Forecast
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FORECAST BLOG SERIES

New Technology Excites Hollywood Executive Peter Guber, Despite Slow Growth of Entertainment Jobs in L.A.

Forecast economists Edward Leamer, Jerry Nickelsburg, David Shulman (’66) and William Yu presented the report to an audience at Culver City’s Kirk Douglas Theater, sharing the good news that the U.S. economy appears to be strong and stable amid international volatility. Two panels of experts focused on how the California economy is affected by ebbs and flows in the entertainment industry.

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UCLA Anderson Quarterly Forecast Explores Entertainment Industry Trends and Their Effects on the Local Economy

"The merger of the tech economy and the entertainment industry has never been stronger. Silicon Valley has seen and knows how important content is to driving culture. And in reverse, Hollywood knows how tech has revolutionized how we experience entertainment. The place in between then becomes completely alluring."

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UCLA Anderson Forecast: Special Reports Examine Entertainment Industry and California Ports

UCLA Anderson Forecast’s first quarterly report for the United States economy indicates that the nation “looks like an island of stability in a very volatile world.” The implication is that the U.S. is still on track for 3% GDP growth for the next two years, despite slow growth and currency devaluations throughout much of the rest of the developed world. Payroll employment is expected to increase at a 250,000-per-month pace and the national unemployment rate will hit 5% by year’s end.

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State Outlook

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Local Outlook

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National Outlook

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Peter Guber, CEO of Mandalay Entertainment

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Entertainment in the Digital Age

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Keeping California's Entertainment Industry Competitive

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Quarterly Economic Outlook

There is no business like show business is never so true as in California. This signature industry has been and continues to be a driver of economic growth and vitality. But for how long? Big financial incentives from New Mexico, Georgia, Canada and elsewhere chip away at California's competitive advantage, From digitization, to subsidies, to cyber attacks the industry is in flux. In this conference experts from across the spectrum of entertainment will discuss the important trends and what they mean for the local economy.
Speakers

Edward Leamer, Director, UCLA Anderson Forecast

David Shulman, Senior Economist, UCLA Anderson Forecast

Jerry Nickelsburg, Senior Economist, UCLA Anderson Forecast

William Yu, Economist, UCLA Anderson Forecast

Sanjay Sood, Professor of Marketing, UCLA Anderson School of Management

Teri Schwartz, Dean, UCLA School of Theater, Film and Television

Lincoln Wallen, CTO, Dreamworks Animation SKG

Cathy Pellow, Owner/Manager, Sargent House

Lori Kozlowski, Editorial Director, Atom Factory & Former Correspondent, Variety & Forbes

Bruce Doering, Executive Director, International Cinematographers Guild

Amy Lemisch, Executive Director, California Film Commission

Kenneth Ziffren, Founding Partner, Ziffren Brittenham, Chairman of the Entertainment & Media Law Program, UCLA School of Law

Brian Farrell, Former Chairman and CEO, THQ

Erich Schwartzel, Reporter, Wall Street Journal

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