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Economic Expansion Will Continue, Irvine Serves as a Model, Economist Says

Tuesday, January 14, 2020

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In his economic forecast presented to well over 500 business and community leaders at the Greater Irvine Chamber’s 2020 Business Outlook, Chris Thornberg, founding partner, Beacon Economics, expressed overall optimism regarding economic growth in the year ahead.

“Despite all the pessimism in the last 12 months, the economy is just fine...this expansion is going to continue,” said Thornberg.

Remarking on Irvine’s strong economy, Thornberg noted that the city’s younger population is growing, indicating a strong labor market and housing availability. “This is a model that everyone can and should be focusing on,” he said about the pace of high-density, entry-level housing development.

Opening speaker Chris Schwarz, associate professor of finance and faculty director of the Center for Investment and Wealth Management at the Paul Merage School of Business at University of California, Irvine, was also optimistic for what 2020 will bring.

“I don’t see any reason there’s going to be a crash next year,” said Schwarz in his analysis of financial market trends and their predicted impact.

Business Outlook 2020 keynote speaker Chris Thornberg addresses the audience from center stage.

Keynote speaker Chris Thornberg, founding partner, Beacon Economics.

From left to right: Kaitlynn Irvine, Greater Irvine Chamber; Kathy Lamm, Farmers Insurance; Danni Remington, Pacific Western Bank; Massis Chahbazian, The Printery

Kaitlynn Irvine, Greater Irvine Chamber; Kathy Lamm, Farmers Insurance; Danni Remington, Pacific Western Bank; Massis Chahbazian, The Printery.

Opening speaker Chris Schwarz peers out over the audience from onstage.

Opening speaker Chris Schwarz, of the Paul Merage School of Business at University of California, Irvine.

The Greater Irvine Chamber’s Jan. 9 Business Outlook event was presented by MemorialCare in partnership with the Paul Merage School of Business at University of California, Irvine.Kate Klimow, chief administrative officer and director of external relations for UCI Beall Applied Innovation, served as Master of Ceremonies for the event.

EVENT PHOTOS

2020 Business Outlook sponsors include:

GDR Group - Corporate Sponsor

Waste Manegement - Sustainability Sponsor

FivePoint - Platinum Business Sponsor

City of Hope, Hoag Health, Irvine Company , Parker Areospace, University of California, Irvine -Business Sponsors

Category: Chamber News, Economic News, Events

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