LOS
ANGELES, Oct. 20, 2022 /PRNewswire/ -- Cathay Bank
announced the release of the Cathay Bank | UCLA Anderson Forecast
U.S.-China Economic Report 2022 Fall Update. The update reviews the
changes and trends in international trade, global supply chains,
U.S. economic outlook amid inflation and rising interest rates,
regional economic performance in the U.S., and the outlook for a
slowing China economy.
Report authors UCLA Anderson Forecast director Jerry Nickelsburg and Forecast economist
William Yu stated that the U.S.
economy has been expanding, albeit more slowly, in the first half
of 2022. In China, the real estate
crisis and zero-COVID public health policy have become the heart of
its current economic problems. Nevertheless, China remains the largest manufacturer and
exporter in the world.
"Though decoupling between U.S. and China is happening with some speed in
technology, it is happening possibly less rapidly in finance, and
slowly in trade," said Nickelsburg. "But they remain large and
important and, barring an unexpected geopolitical event, will
continue to be so over the next few years."
"2022 marks our fifth year
collaborating with UCLA Anderson Forecast. The data-driven
forecasts provide insights to understand the economic development
and trends," said Chang M. Liu,
Cathay Bank's President and CEO.
The 2022 Fall Update is available for download in English,
Traditional Chinese and Simplified Chinese on the Cathay Bank
website or on the UCLA Anderson Forecast website.
About UCLA Anderson
Forecast
UCLA Anderson Forecast (uclaforecast.com) is one of the
most widely watched and often-cited economic outlooks for
California and the nation and was
unique in predicting both the seriousness of the early-1990s
downturn in California and the
strength of the state's rebound since 1993. The UCLA Anderson
Forecast was credited as the first major U.S. economic forecasting
group to call the recession of 2001 and, in March 2020, it was the first to declare that the
recession caused by the COVID-19 pandemic had already begun.
About Cathay Bank
Cathay Bank, a subsidiary of Cathay General Bancorp (Nasdaq:
CATY), opened its doors in 1962 in Los
Angeles to serve the growing immigrant community. Today, we
operate over 60 branches across the U.S., with a branch in
Hong Kong, and representative
offices in Beijing, Shanghai, and Taipei. In 2022, we proudly celebrate our
diamond jubilee. While much has changed over six decades, our
pursuit and dedication has only grown stronger. Then, now, and
always, we go above and beyond, so you can, too. Learn more at
cathaybank.com. FDIC insurance coverage is limited to deposit
accounts at Cathay Bank's U.S. domestic branch locations.
Follow Us @uclaanderson
Media Contacts:
Paul Feinberg – (310) 794-1215
paul.feinberg@anderson.ucla.edu
UCLA Anderson School of
Management
Rebecca Trounson – (310) 825-1348
rebecca.trounson@anderson.ucla.edu
UCLA Anderson School
of Management
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SOURCE UCLA Anderson Forecast