Founded by professor Robert M. Williams in 1952, the national forecast has been recognized as one of the most accurate and has a reputation for being unbiased – a factor that the numerous corporate and Wall Street forecasts cannot lay claim to. The UCLA Anderson Forecast for California is the most widely followed and oft-cited in the state and was unique in predicting both the seriousness of the early-1990s downturn and the strength of the state economy’s rebound since 1993. Credited as the first major U.S. economic forecasting group to declare the recession of 2001. More recently, the forecast was also the first group to predict the 2020 COVID recession.
Current director Jerry Nickelsburg along with economists William Yu, Leila Bengali, Leo Feler and professor emeritus Edward Leamer and Forecast emeritus David Shulman, combine their own expertise with the latest computer-based econometric models. We have also begun providing regional forecasts for Los Angeles, Orange County, and other local regional economies.
Our quarterly conferences are attended by a cross-section of business, government and academic decision-makers from all over California as well as the United States. We typically draw 400-500 attendees. Many of our attendees subscribe to the Forecast and attend most or all of our quarterly conferences. Others are drawn by the specific topic of a conference, such as the recent energy crisis, globalization, or entertainment as a key part of the regional economy.
Seminar members include companies: Cathay Bank and Southern California Edison; regional entities including the Los Angeles Department of Water and Power and Los Angeles Country Metropolitan Transportation Authority; and California entities including the Department of Finance, the Employment Development Department, and State Controller’s office.
Director, UCLA Anderson Forecast
UCLA Anderson Forecast
Sandra R. Hernández, MD, President & CEO, California Health Care Foundation (March 2021)
Congressman Ted W. Lieu, CA 33rd District, U.S. House of Representatives (December 2020)
Ivy Zelman, CEO, Zelman & Associates (June 2020)
Richard Florida, Professor, Urbanist and Writer (June 2020)
Adam Miller, Founder and CEO, Cornerstone OnDemand (September 2019)
Harry E. Sloan, Founder and CEO Global Eagle Acquisitions, former Chairman and CEO, Metro Goldwyn Mayer (March 2019)
Gavin Newsom, Lieutenant Governor, State of California (March 2018)
Christopher Harvey, Head of Equity Strategy, Wells Fargo Securities (Dec 2017)
Gary Schoenfeld, Former CEO, Pacific Sunwear and Vans, Inc. (Sept 2017)
Charles Wolf, Jr., Distinguished Chair in International Economics; Senior Economic Adviser; Professor, Pardee RAND Graduate School (Sept 2016)
Peter Lowy, Co-CEO, Westfield Corp. (June 2016)
John Williams, President and CEO, Federal Reserve Bank of San Francisco (Sept 2015)
Peter Guber, CEO, Mandalay Entertainment (March 2015)
Eric Garcetti, Mayor of Los Angeles (April 2014)
Noel Massie, President, UPS Southern California (April 2014)