December 2020 Economic Outlook

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December 2020 Economic Outlook Highlights


Anticipating a Coronavirus Vaccine, UCLA Anderson Forecast Expects Robust Economic Recovery to Begin in Spring 2021

In California, the rebound will be led by tech, residential construction and logistics sector


The Economic/Pandemic Question: To Close or Not to Close?

Since the pandemic-induced recession began last March, we have said that the course of the pandemic, and the public health policy response to it, is critical to the economic forecast. 

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December 2020 Economic Outlook


Drought, wildfires, flooding, heatwaves, and more will impact business decisions this decade. Looking ahead from the short-term forecasts, we consider how these events will affect where people will live and how business will be conducted as the U.S. and California adapt to new climate realities. The December UCLA Anderson Forecast will present its first post-election forecast and host two panels with experts on water, energy, productivity, and adaptation.

Key Topics
  • How will the election affect macroeconomic policy?
  • Is a 2021 stimulus package likely?
  • Is the recovery sustainable in the near-term?
  • Will the boom in housing in the U.S. and California continue?
  • What is the prospect for a return of tourism to California?
  • Will the California economy continue to outperform the U.S.?

UCLA Anderson Forecast for the Nation and California

  • Leo Feler, Ph.D., Senior Economist, UCLA Anderson Forecast
  • Jerry Nickelsburg, Ph.D., Director, UCLA Anderson Forecast
  • Edward Leamer, Ph.D., Professor Emeritus, UCLA Anderson
  • William Yu, Ph.D., Economist, UCLA Anderson Forecast
  • Leila Bengali, Ph.D., Economist, UCLA Anderson Forecast

Panel: More Water From the Ocean, Less From the Sky - Water Policy and Business

  • Moderator: Eric Hoek, Ph.D., UCLA Department of Civil and Environmental Engineering, Director, UCLA Sustainable LA Grand Challenge
  • Kathy Jacobs, Director, Center for Climate Change and Adaptation, University of Arizona
  • Ellen Hanak, Ph.D., Vice President and Director - Water Policy, PPIC
  • Mark Gold, Ph.D., Executive Director, Ocean Protection Council, Deputy Secretary for Ocean and Coastal Policy, California Natural Resources Agency
  • David Osias, Partner, Allen Matkins

Panel: Business Adaptation to Climate Change

  • Moderator: Magali Delmas, Ph.D., Professor, UCLA Anderson and Faculty Director, Impact
  • Carla Peterman, Ph.D., Senior Vice President, Strategy & Regulatory Affairs, Southern California Edison
  • Alex Bernhardt, Director, Marsh & McLennan Advantage Group
  • Lauren Riley, Managing Director, Global Environmental Affairs and Sustainability, United Airlines
  • Nora Pankratz, Post-Doctoral Research Fellow, UCLA Luskin School of Public Affairs