March 2018 Economic Outlook

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March 2018 Economic Outlook Highlights


UCLA Anderson Forecast Sees “Regime Change”

Could the Economy Stall Out under Higher Inflation and Interest Rates?


How Important is International Trade to Los Angeles?

Los Angeles has the largest seaport in North America. Its container cargo traffic – exports and imports combined – accounts for 1/3 of all cargo traffic in the U.S.

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March 2018 Economic Outlook


As we enter the second year of the Trump administration there are two major initiatives that will impact our local economy; the tax overhaul passed last December and the ongoing renegotiation of trade relations with Mexico, Canada, South Korea and China. What if NAFTA falls apart? Will there be a trade war with China? How will the taxation of foreign source earnings affect U.S. corporate production and employment? These and other topics related to trade and taxation will be explored at the UCLA Anderson Forecast conference on March 7, 2018.

Key Topics
  • Will Wall Street volatility be reflected on Main Street?
  • Will inflation exceed the Fed's 2% target in 2018?
  • How many times will the Fed raise rates in 2018?
  • Is the recent strength in housing activity portending a stronger recovery in that sector?
  • Will the new tax structure slow California's growth?
  • Are housing prices in California going down?
  • How important is international trade to Los Angeles?
8:30 - 8:40 a.m. Welcome + Introductions

Jerry Nickelsburg, Director, UCLA Anderson Forecast
8:40 - 10:00 a.m. UCLA Anderson Forecast for the Nation and California, Following a Q&Q with the Forecast Team

David Shulman (MBA '66, Ph.D. '75), 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
10:00 - 10:20 a.m. Allen Matkins/UCLA Anderson Forecast CRE Survey Results

A conversation with John Tipton, Partner at Allen Matkins, hosted by Jerry Nickelsburg
10:20 - 10:40 a.m. Housing Market Analysisy

A conversation with Ivy Zelman, CEO, Zelman & Associates, hosted by David Shulman
10:40 - 11:00 a.m. What Will Cities Look Like Post-Pandemic?

A conversation with Richard Florida, Professor, Urbanist and Writer, hosted by Jerry Nickelsburg
11:00 - 11:20 a.m. California Home Affordability

Edward Coulson, Director, Center for Real Estate, UCI Merage School of Business