Chapman University’s Anderson Center for Economic Research will present its annual economic forecast on Tuesday, Dec. 13, marking its 45th anniversary.
This year’s speakers include two current Chapman University faculty members: President Emeritus of Chapman University Dr. James Doti and Dr. Fadel Lawandy, the director of both the C. Larry Hoag Center for Real Estate and Finance and the Janes Financial Center at Chapman University. Dr. Raymond Sfeir, the current director of Chapman University’s Anderson Center for Economic Research and economics professor at University of California Santa Barbara, will also present.
The event will cover topics such as the pace of economic recovery, home prices, jobs, inflation, interest rates, and the stock market.
According to a Chapman University newsroom report, Doti didn’t want to put out too many spoilers leading up to the 2022 annual forecast, but he did indicate “that he and his colleagues will forecast a recession in 2023 and look at whether their projections for the midterm elections were on the mark.”
Chapman University’s Economic Forecast had its genesis in 1977 in a Chapman University economics classroom. Professor Doti had wanted to “make the class more interesting,” so he worked with his students to develop an economic model to forecast how the Orange County economy would perform.
“There were state models and national models but no models for county-wide areas,” he said. “No other forecaster that we knew of was doing that.”
Around that same time, Doti gave a talk on economics to some members of Chapman’s Board of Trustees where he mentioned his current classroom project. An attendee, Ambassador George Argyros, encouraged him to present it to a wider audience, which Doti did. And in 1978 at the Fluor Corporation in Aliso Viejo, California, the Chapman Economic Forecast was born.
Soon thereafter, Doti began incorporating state and federal forecasts. His annual forecast quickly gained prominence, eventually being measured against 25 others created by agencies measuring the same things. Today its level of accuracy is evident; Chapman University’s Economic Forecast is consistently included in the Blue Chip Economic Indicators, which polls America’s top business economists, such as Goldman Sachs and Morgan Stanley.
NTD will livestream this event from 6 p.m. ET on Dec. 13.
