Southern California

UCI Professor’s Economic Update Predicts Challenges Ahead

UCI Professor’s Economic Update Predicts Challenges Ahead
Students walk through the University of California–Irvine campus in Irvine, Calif., on Sept. 25, 2020. John Fredricks/The Epoch Times
Lynn Hackman
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Despite a solid footing heading into the next economic cycle—low interest rates, a hot housing market, and strong GDP growth—there are some looming signs of a recession on the horizon that shouldn’t be ignored, a financial expert says.

“As good as prosperity is now and will be in the near future, there’s 100 percent certainty that we will fail at keeping this success going,” University of California–Irvine (UCI) finance professor Christopher Schwarz said during a June 10 virtual presentation.

Lynn Hackman
Lynn Hackman
Author
Lynn is a reporter for the Southern California edition of The Epoch Times, based in Orange County. She has enjoyed a 25-year career as a senior-level strategic public relations and contingency planning executive. An editor, blogger, and columnist, Lynn also has experience as a television and radio show producer and host. For six years, she was co-host of Sunday Brunch with Tom and Lynn on KOCI 101.5 FM. She is also active in the Newport Beach community, serving as chair emeritus of the Newport Beach City Arts Commission, among various positions with other local organizations.
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