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Economic Update Predicts Challenges Ahead
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, says a financial expert.
“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.
“The question is, how are we going to fail?”
Schwarz’s presentation was made in conjunction with the Newport Beach Chamber of Commerce, the Greater Irvine Chamber of Commerce, UCI’s Paul Merage School of Business, and 26 other cosponsoring chambers of commerce.
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Many cases have come up for discussion on the destruction unleashed by the novel corona virus. If one were to categorize losses broadly, those of lives, jobs, and health wrap it up in a nutshell. The jury is still out on which sector was the most brutal hit, and one primary victim of the pandemic is the education sector. Graduate business schools have been up in arms trying to resolve the uphill task of imparting education remotely.
MBA aspirants turned ambivalent on pursuing their graduation in Management. One set of people believed in deferring their graduation plans until schools and universities opened classroom sessions. The other side made some pragmatic choices. As the economy nosedived and job opportunities tapered, some students decided to equip themselves with Management degrees in seeking greener employment pastures post MBA.
Not for trading, but in connection with the registration of American Depositary Shares, pursuant to the requirements of the Securities and Exchange Commission. Securities registered or to be registered pursuant to Section 12(g) of the Act:
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None Indicate the number of outstanding shares of each of the issuer s classes of capital or common stock as of the close of the period covered by the annual report: Title of each class
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