While headline inflation has decreased significantly, core inflation remains at elevated levels. Despite ongoing warnings about a potential recession, employment statistics show no such indications. Should we still be worried about an impending economic downturn?
Cathay Bank invites UCLA Anderson Forecast to discuss how will interest rates trend over 2023/2024? How will U.S.-China relations develop in this age of de-risking? Given its real estate challenges, will China face a 'lost decade' akin to Japan's experience in the 1990s, or perhaps even longer?
In this seminar, we will also discuss the following:
■ The changes and trends in international trade
■ China’s economic outlook in 2024
■ The U.S. housing markets and regional economic performance
■ The outlook of U.S. commercial real estate in the post-pandemic times
This event will be hosted on Microsoft Teams.
Dr. Nickelsburg plays a key role in the economic modeling and forecasting of the national, California, and regional economic forecasts. He researches labor economics, industrial organization, statistics, and international monetary economics, focusing on developing new data and applying economic theory and statistical methods to sector-specific policy issues. His current research encompasses transportation and environmental economics, and the relationships between highly skilled persons and their demand for social insurance. He has conducted special studies into the future of manufacturing in Los Angeles, the economic impact of the writers’ strike, the undocumented construction and manufacturing labor force, and the garment industry.
Formerly a professor of economics at the University of Southern California, Dr. Nickelsburg held executive positions with McDonnell Douglas, FlightSafety International, and FlightSafety Boeing during a 15-year span in the aviation business. He developed forecasting tools for the Federal Reserve Board of Governors and has advised banks, investors, and financial institutions. From 2000 to 2006, he was the managing principal of Deep Blue Economics, a consulting firm he founded.
Dr. Nickelsburg joined the UCLA Anderson School of Management and the UCLA Anderson Forecast in 2006. Since 2017, he has served as faculty director of the Forecast. He earned his Ph.D. in economics from the University of Minnesota, specializing in monetary economics and econometrics.
Dr. Nickelsburg teaches economics in UCLA Anderson’s MBA program, focusing on business forecasting and international business economics. He regularly travels with students to Asia as a professor and advisor in their global immersion courses.
Dr. Nickelsburg is cited by the national media, with frequent mentions in the Financial Times, Wall Street Journal, New York Times, Los Angeles Times, and Reuters. He has published over 100 scholarly and popular articles on economic policy, monetary economics, statistics, labor economics, and industrial organization. He is the author of two books on monetary economics and exchange rates.
UCLA Anderson Forecast is a third party unrelated to Cathay Bank and Cathay General Bancorp (“Cathay”). The content, accuracy, and forecast expressed by a third party are unrelated to Cathay and are not investigated, verified, monitored, or endorsed by Cathay. Cathay hereby disclaims any liability for any information or materials provided by a third party unrelated to Cathay. By hosting the event, Cathay does not endorse or recommend or approve any information provided by a third party unrelated to Cathay.
