The LAEDC Economic Forecast is Southern California’s premier source for in-depth economic forecasting and analysis on LA County and the surrounding areas. This year, the Economic Forecast will include our traditional overview of the global, national and local economy.
We will also take a closer look at Los Angeles County’s Latino community as we present highlights from our third Spotlight on Communities pilot research project. This spotlight will provide economic data and insights about LA County’s Latino community.
Election Day brought heightened anxiety and unforeseen opportunities for many of Los Angeles’s Latino residents and businesses. Our panel discussion, Forecasting the Political and Economic Climate for Socal’s Latinos, will explore the post-election political and economic policy environments and priorities for the region’s Latino community. Given that Latinos currently account for 48% of LA County’s population, as goes the Latino community, so goes LA County.
Steven Wieting, Managing Director and Citi Private Bank’s Global Chief Investment Strategist
Steven Wieting is responsible for formulating investment views and strategies on a macro basis and across asset classes. A member of Citi Private Bank’s Investments Leadership team, Steven has assumed the Chairmanship of the Global Investment Committee. Prior to his appointment as CPB’s Chief Strategist in early 2013, Steven served as Citi Investment Research’s lead economist for the US institutional equities business from 2000 to early 2013. Based in New York, he was responsible for advising the firm’s institutional and government clients globally on macroeconomic developments, forecasts and policy analysis. Steven has published extensively on demographic and policy challenges with a focus on the implications for long-term asset market performance.
During his time at Citi, Steven has examined credit, commodity and foreign exchange market influences while providing the firm’s corporate earnings forecasts and macro level equity market insights. He was also economic advisor to the Morgan Stanley Smith Barney Global Investment Committee until early 2013 and was a voting member of predecessor Asset Allocation Committees at Citi.
Prior to joining Smith Barney in 1996, Steven was an economics correspondent with Dow Jones, where he followed financial markets, economic forecasts and reported on the views of Federal Reserve policymakers. He also served as a contributor to The Wall Street Journal’s “Credit Markets” column. Previously, Steven worked for the US Department of Commerce. Steven received an M.S. in Quantitative Economics at Baruch College. He also has acquired credits toward a Ph.D. in Economics at the City University Graduate Center.
Dr. Manuel Pastor, Professor, Sociology and American Studies & Ethnicity; Director, USC Program for Environmental and Regional Equity (PERE); Director, USC Center for the Study of Immigrant Integration (CSII)
Dr. Manuel Pastor is Professor of Sociology and American Studies & Ethnicity at the University of Southern California. He currently directs the Program for Environmental and Regional Equity (PERE) at USC and USC’s Center for the Study of Immigrant Integration (CSII). Pastor holds an economics Ph.D. from the University of Massachusetts, Amherst, and is the inaugural holder of the Turpanjian Chair in Civil Society and Social Change at USC.
Dr. Pastor’s research has generally focused on issues of the economic, environmental and social conditions facing low-income urban communities – and the social movements seeking to change those realities. His recent book Equity, Growth, and Community: What the Nation Can Learn from America’s Metro Areas, co-authored with Chris Benner (UC Press 2015), argues how inequality stunts economic growth and how bringing together equity and growth requires concerted local action. Dr. Pastor speaks frequently on issues of demographic change, economic inequality, and community empowerment and has contributed opinion pieces to such outlets as the Los Angeles Times, the San Jose Mercury News, the San Francisco Chronicle, the Sacramento Bee, the Huffington Post, and many others. He served as a member of the Commission on Regions appointed by California’s Speaker of the State Assembly.
Dr. Christine Cooper, Senior Vice President, Institute for Applied Economics, Los Angeles County Economic Development Corporation
In her position at the LAEDC, Dr. Cooper designs, manages and conducts research studies on regional issues undertaken by the Institute for Applied Economics, such as economic impact studies, regional industry analyses, economic forecasts, and issue studies related to the L.A. County Strategic Plan for Economic Development. Her fields of expertise include development economics, environmental economics, regional analysis, and urban sustainability.
While at the LAEDC, Dr. Cooper has conducted many economic and fiscal impact projects for a variety of public agencies and private companies, including: California Film and TV Tax Credit; City of Los Angeles Workforce Investment Board (Industries and Occupations of the Next Decade); Los Angeles City Department of Water and Power (ongoing operations and capital improvement programs); Los Angeles County Metropolitan Transportation Authority (numerous Measure R-funded projects and ongoing operations); Los Angeles International Airport in 2011; Southern California Association of Governments (Regional Transportation Plan 2012; Economic Recovery Plan); Hospital Association of Southern California; and many others. Additionally, the department has designed a variety of demographic and workforce development reports.