UCLA Anderson Forecast Says Not to Worry (Too Much) Thursday, June 02, 2022
The UCLA Anderson Forecast presented its June update yesterday in a hybrid fashion (in-person and Zoom).
From the Forecast news release:
Global, Domestic Impediments Will Slow Down Economy, but No Recession Yet UCLA Anderson Forecast says war in Ukraine, COVID lockdowns in China, supply chain constraints, inflation will stymie growth
Los Angeles (June 1, 2022) — In March, the UCLA Anderson Forecast cited the uncertainties facing the U.S. and California economies. Seemingly, just as the economy was returning to normal as the effects of the COVID-19 pandemic began to abate, the Russian invasion of Ukraine destabilized global economic conditions. In the UCLA Anderson Forecast’s June reports for the nation and the state, the effects of a number of economic impediments — including the Russia-Ukraine war, COVID lockdowns in China, supply chain constraints and inflation — continue to affect the U.S. and California economies. And while there is no recession forecast in the June report, economic slowdowns in California and across the U.S. are expected.
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UCLA Faculty Association Blog: 2nd Quarter 2022
