The UCF Institute for Economic Forecasting (IEF) is an economic research institute of the College of Business Administration at the

University of Central Florida The University of Central Florida (UCF) is a public research university whose main campus is in unincorporated Orange County, Florida. UCF also has nine smaller regional campuses throughout central Florida. It is part of the State University ...

located in

Orlando Orlando () is a city in the U.S. state of Florida and is the county seat of Orange County. In Central Florida, it is the center of the Orlando metropolitan area, which had a population of 2,509,831, according to U.S. Census Bureau figures rele ...

Florida Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, and to ...

, United States. The

director Director may refer to: Literature * ''Director'' (magazine), a British magazine * ''The Director'' (novel), a 1971 novel by Henry Denker * ''The Director'' (play), a 2000 play by Nancy Hasty Music * Director (band), an Irish rock band * ''Di ...

of the institute is Sean Snaith. The Institute publishes economic forecasts every quarter for the U.S. and Florida metropolitan areas, as well as providing analysis of the economic impact of current events, such as the

2008 recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At t ...

and the

Deepwater Horizon oil spill The ''Deepwater Horizon'' oil spill (also referred to as the "BP oil spill") was an industrial disaster that began on 20 April 2010 off of the coast of the United States in the Gulf of Mexico on the BP-operated Macondo Prospect, considered ...

Faculty

Sean Snaith is the current

of the Institute for Economic Forecasting within the College of Business Administration at the

and a widely recognized economist in the field of business and economic forecasting. A forecaster, researcher, and professor, Snaith has served as a consultant for local and regional municipalities to multi-national corporations, such as

Compaq Compaq Computer Corporation (sometimes abbreviated to CQ prior to a 2007 rebranding) was an American information technology company founded in 1982 that developed, sold, and supported computers and related products and services. Compaq produced ...

Dell Dell is an American based technology company. It develops, sells, repairs, and supports computers and related products and services. Dell is owned by its parent company, Dell Technologies. Dell sells personal computers (PCs), servers, data ...

and IBM. He has held teaching positions at

Pennsylvania State University The Pennsylvania State University (Penn State or PSU) is a Public university, public Commonwealth System of Higher Education, state-related Land-grant university, land-grant research university with campuses and facilities throughout Pennsylvan ...

American University in Cairo The American University in Cairo (AUC; ar, الجامعة الأمريكية بالقاهرة, Al-Jāmi‘a al-’Amrīkiyya bi-l-Qāhira) is a private research university in Cairo, Egypt. The university offers American-style learning programs ...

University of North Dakota The University of North Dakota (also known as UND or North Dakota) is a public research university in Grand Forks, North Dakota. It was established by the Dakota Territorial Assembly in 1883, six years before the establishment of the state of ...

and University of the Pacific.

Economic forecasts and research

New economic forecasts are produced and distributed by the Institute every quarter. Each edition provides updated economic information that is vital to the academic, government and business communities. The Institute serves as a single point of contact between commerce and government with economic information resources. Each year the Institute releases multiple economic reports, with the reports falling into two overall categories. One forecast focuses on the United States and the other focuses on the Florida and its metropolitan areas. U.S. Forecast includes analysis and predictions on

GDP Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often ...

consumer spending Consumer spending is the total money spent on final goods and services by individuals and households. There are two components of consumer spending: induced consumption (which is affected by the level of income) and autonomous consumption (which ...

government spending Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual o ...

investments Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...

net exports The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance ...

and

unemployment Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for Work (human activity), w ...

. Forecast information has been featured in the

USA Today ''USA Today'' (stylized in all uppercase) is an American daily middle-market newspaper and news broadcasting company. Founded by Al Neuharth on September 15, 1982, the newspaper operates from Gannett's corporate headquarters in Tysons, Virgini ...

Survey of Top Economists, Livingston Survey,

Survey of Professional Forecasters The Survey of Professional Forecasters (SPF) is a quarterly survey of macroeconomic forecasts for the economy of the United States issued by the Federal Reserve Bank of Philadelphia. It is the oldest such survey in the United States. The survey i ...

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

, and

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and ma ...

monthly surveys. In addition to the U.S. Forecast, the institute prepares a comprehensive, quarterly forecast of the

economy and 12 metropolitan areas. Metropolitan areas covered by the forecast include:

Pensacola Pensacola () is the westernmost city in the Florida Panhandle, and the county seat and only incorporated city of Escambia County, Florida, United States. As of the 2020 United States census, the population was 54,312. Pensacola is the principal ci ...

Tallahassee Tallahassee ( ) is the capital city of the U.S. state of Florida. It is the county seat and only incorporated municipality in Leon County. Tallahassee became the capital of Florida, then the Florida Territory, in 1824. In 2020, the population ...

Jacksonville Jacksonville is a city located on the Atlantic coast of northeast Florida, the most populous city proper in the state and is the List of United States cities by area, largest city by area in the contiguous United States as of 2020. It is the co ...

, Gainesville,

Ocala Ocala ( ) is a city in and the county seat of Marion County within the northern region of Florida, United States. As of the 2020 United States Census, the city's population was 63,591, making it the 54th most populated city in Florida. Home to ...

Deltona Deltona is a city in central Florida and the most populous city in Volusia County. It is located on the northern shore of Lake Monroe along the St. Johns River in central Florida. As of the 2020 census, the city population was 93,692. The cit ...

Daytona Beach Daytona Beach, or simply Daytona, is a coastal resort-city in east-central Florida. Located on the eastern edge of Volusia County near the Atlantic coastline, its population was 72,647 at the 2020 census. Daytona Beach is approximately nort ...

Tampa Tampa () is a city on the Gulf Coast of the U.S. state of Florida. The city's borders include the north shore of Tampa Bay and the east shore of Old Tampa Bay. Tampa is the largest city in the Tampa Bay area and the seat of Hillsborough County ...

St. Petersburg Saint Petersburg ( rus, links=no, Санкт-Петербург, a=Ru-Sankt Peterburg Leningrad Petrograd Piter.ogg, r=Sankt-Peterburg, p=ˈsankt pʲɪtʲɪrˈburk), formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991), i ...

, Lakeland,

Kissimmee Kissimmee ( ) is the largest city and county seat of Osceola County, Florida, United States. As of the 2020 census, the population was 79,226. It is a Principal City of the Orlando-Kissimmee-Sanford, Florida, Metropolitan Statistical Area, wh ...

, Palm Bay-

Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...

Naples Naples (; it, Napoli ; nap, Napule ), from grc, Νεάπολις, Neápolis, lit=new city. is the regional capital of Campania and the third-largest city of Italy, after Rome and Milan, with a population of 909,048 within the city's adminis ...

Marco Island Marco may refer to: People * Marco (given name), people with the given name Marco * Marco (actor) (born 1977), South Korean model and actor * Georg Marco (1863–1923), Romanian chess player of German origin * Tomás Marco (born 1942), Spanish co ...

, and

Miami Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade C ...

Fort Lauderdale A fortification is a military construction or building designed for the defense of territories in warfare, and is also used to establish rule in a region during peacetime. The term is derived from Latin ''fortis'' ("strong") and ''facere'' ...

Research in the media

University and Institute research has appeared in the

New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

, U.S. News & World Report,

Parenting Magazine ''Parenting'' was a magazine for families and it was published in United States between 1987 and 2013. Its final headquarters was in Winter Park, Florida. History and profile ''Parenting'' was launched in 1987 by Robin Wolaner in a joint venture ...

and on

ABC World News ''ABC World News Tonight'' (titled ''ABC World News Tonight with David Muir'' for its weeknight broadcasts since September 2014) is the flagship daily evening television news program of ABC News, the news division of the American Broadcasting ...

CBS Evening News The ''CBS Evening News'' is the flagship evening television news program of CBS News, the news division of the CBS television network in the United States. The ''CBS Evening News'' is a daily evening broadcast featuring news reports, feature s ...

and

National Public Radio National Public Radio (NPR, stylized in all lowercase) is an American privately and state funded nonprofit media organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It differs from other n ...

. In addition, the institute's director and forecasts have appeared on national television, including

CNN CNN (Cable News Network) is a multinational cable news channel headquartered in Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by the M ...

and

MSNBC MSNBC (originally the Microsoft National Broadcasting Company) is an American news-based pay television cable channel. It is owned by NBCUniversala subsidiary of Comcast. Headquartered in New York City, it provides news coverage and political ...

, and have been included in notable publications, such as

Bloomberg BusinessWeek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City ...

The Miami Herald The ''Miami Herald'' is an American daily newspaper owned by the McClatchy Company and headquartered in Doral, Florida, a city in western Miami-Dade County and the Miami metropolitan area, several miles west of Downtown Miami.The Palm Beach Post ''The Palm Beach Post'' is an American daily newspaper serving Palm Beach County in South Florida, and parts of the Treasure Coast. On March 18, 2018, in a deal worth US$42.35 million, ''The Palm Beach Post'' and ''The Palm Beach Daily News'' we ...

Special projects

Metro Orlando cleantech report - October 2009

Commissioned by Orange County Mayor Richard T. Crotty, this study assesses Metro Orlando's Assets, Capabilities, and Potential in the cleantech industry. In this report, the Institute highlights the evolution of the cleantech industry and studies the six major cleantech areas of opportunity for the region, based on the institute's research. The report also highlights the existing cleantech clusters and initiatives; Metro Orlando's current strengths, including its natural resources, educational institutions, supporting organizations; the Metro Orlando cleantech industry; its potential for growth, including the region's economic strengths, the leadership, its R&D capabilities, and its strong technology base. Finally, the report shares the findings of the survey and makes recommendations on the best course of action in the near or medium future, including the policies that could benefit the region.

References

External links

Official site
{{DEFAULTSORT:Institute For Economic Forecasting University of Central Florida Economic research institutes Research institutes established in 1998