March 2020 Economic Outlook

Purchase the latest Forecast report

Purchase Report

March 2020 Economic Outlook Highlights

GDP Declines at 4.8% Annual Rate in First Quarter 2020
UCLA Anderson Forecast Updates Views, Given Economy's Rapid Rate of Decline
UCLA Anderson Forecast Announces the Arrival of the 2020 Recession in Revision of Forecast Released Earlier in March
US Forecast:
The Sum of All Fears
California Forecast:
The 2020 Recession in the Golden State
What will be the economic impact of COVID-19 in the US?

March 2020 Economic Outlook - U.S., CA, Impact of Coronavirus on Global Economy

The California Minimum Wage

The Bay Area Outlook: Signs of Growing Pains?

A Conversation with Joe Brusuelas and Jerry Nickelsburg

Sponsored By

Principal Sponsor


Platinum Sponsors

 Allen MatkinsUniversity Credit Union

Gold Sponsors

 Robert HalfWells Fargo The Private Bank

Silver Sponsors

California Bank TrustCathay BankCenturyLinkPacific Western BankZurich

Bronze Sponsors

Alba Wheels Up - Success. Delivered.CBREClark Construction

Bruin Sponsors

BBVAKeenanMutual of Omaha AdvisorsNew York Lifevaco - Free Yourself

Academic Sponsors

HBA Healthcare Business AssociationUCLA Extension

March 2020 Economic Outlook


The current epidemic of COVID-19 is affecting the world economy. How does that impact the U.S. and California? In a new forecast to be released March 11, the UCLA Anderson Forecast team provides some analysis.

Very much related is the changing business of health care and social services, growing at a 3%+ rate during this expansion has been one of the most significant drivers of job gain. Though technology has been an important component of this growth, significant disruptive technology might be waiting in the wings. The UCLA Anderson Forecast in partnership with UCLA Health explores the future of the health care business and its impact on the greater economy in the upcoming March 11 forecast conference.

Key Topics
  • How Does COVID-19 affect the U.S. economy? The California Economy?
  • What about inflation and the Fed's 2% target?
  • Will unemployment rates jump in 2020?
  • Will rising geopolitical tensions derail the economy?

UCLA Anderson Forecast for the Nation and California

  • 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
  • Q + A with the Forecast Team

Keynote Address - A Conversation with UCLA Health

  • John Mazziotta, MD/Ph.D., Vice Chancellor, UCLA Health Sciences; CEO, UCLA Health
  • Johnese Spisso RN/MPA, President, UCLA Health; CEO, UCLA Hospital System; Associate Vice Chancellor, UCLA Health Sciences
  • Antonio Bernardo, Ph.D., Dean and John E. Anderson Chair in Management, UCLA Anderson

Expert Panel: The Changing Business of Health Care

  • Moderator: Leila Bengali, Ph.D., Economist, UCLA Anderson Forecast
  • Elaine Batchlor, MD/Ph.D., CEO, Martin Luther King Jr. Community Hospital
  • Omkar P. Kulkarni, Chief Innovation Officer, Children's Hospital Los Angeles
  • Elisa Long, Ph.D., Associate Professor of Decisions, Operations, and Technology Management, UCLA Anderson School
  • Murray N. Ross, Ph.D., Vice President, Kaiser Foundation Health Plan, Inc.; Director, Kaiser Permanente Institute for Health Policy
  • Leah Vriesman, Ph.D., Director, Executive Education Programs, Health Policy & Management; Associate Adjunct Professor, UCLA Fielding School of Public Health