Dr. Robert W. "Bill" Gilmer, Director of the Institute for Regional Forecasting (IRF), will be our featured speaker.
"For a decade, oil and emerging markets have powered the Houston economy, and the lack of stimulus from the struggling U.S. economy was barely missed. But now, the picture is changing. Emerging markets are slowing, bringing much discussion of the end of a decade-long commodity cycle. And the U.S. economy is finally showing signs of putting the Great Recession behind it, with a revival in housing, reduced consumer debt loads, and healthy revenues for state and local government. By 2014, historic rates of growth may again return to the U.S. economy, finally putting an end to the Great Recession and its aftermath. Revival of U.S. growth will bring with it the end of monetary stimulus. Long-rates will rise first as the Federal Reserve pulls back on quantitative easing, followed later by increased short-term rates. While energy remains central to Houston’s economic outlook, and the prospects for continued job growth remain solid, the broader economic backdrop that supports energy prices and Houston’s economy is rapidly changing."
Please visit our website (www.bauer.uh.edu/centers/irf/) on September 20, 2013 to register online for this symposium.