What ever happened to the recession experts were predicting for 2023?
Chapman University President Emeritus Jim Doti will answer that question and delve into other economic trends heading into the new year at Chapman’s 46th Economic Forecast. The event is Dec. 14 at Musco Center for the Arts.
Other topics Doti and his team — Professors Raymond Sfeir and Fadel Lawandy — will address include:
- Trends in inflation and interest rates.
- Will the real estate sector recover?
- A first look at Chapman’s 2024 election forecast.
- California and Orange County’s economic future.
Despite predictions of a recession in the second half of 2023, a “soft landing” — a decrease in inflation without a recession — appears more likely, according to experts. Doti forecasted a moderate recession for the second half of 2023 at the Economic Forecast Update in June.
Doti and his team always forecast trends in popular interest topics like the housing market. A recent development has been that while mortgage rates are at a two-month low, home prices are still high. In Orange County, median home prices were $1.275 million in October, about 10% higher than a year ago.
Heading into presidential and midterm elections, Doti forecasts how many seats each party will gain or lose. Since December is about a year out from the next major election, Doti is expected to preview election forecasts that he will detail in the Economic Forecast Update in June 2024.
Register to attend the forecast or watch it online here.