OSU to release 2010 Oklahoma economic forecast on Nov. 17

(STILLWATER, Okla.) - The Center for Applied Economic Research in the Spears School of Business at Oklahoma State University will release the 2010 Oklahoma Economic Outlook report November 17 at a conference from 8:30 a.m. to noon at the Moore-Norman Career Tech South Penn Campus.

The Oklahoma Economic Outlook is an annual report compiled using the Oklahoma State Econometric Model to provide information on the probable performance of the Oklahoma economy in the upcoming year. The Model is in its thirtieth year of development and is the state’s only large-scale econometric forecasting model.

“Third quarter U.S. GDP growth marks the end of the economic contraction and signals a developing national recovery. Exactly how the recovery takes shape and how quickly it impacts Oklahoma depends on a variety of factors. The 2010 forecast sheds some light on Oklahoma's near term prospects for expansion,” said Russell Evans, director and research economist for the Center of Applied Economic Research in the Spears School of Business.

During the Oklahoma Economic Outlook conference, Evans will be joined by industry experts in a discussion of national economic conditions and the prospects for economic recovery in Oklahoma. Conference sessions will focus on applied economic issues important to successful planning for communities and organizations across the state.

“Economic recovery in Oklahoma will require credit availability for new and expanding businesses and will benefit from the successful implementation of stimulus programs,” said Gary Simpson, OSU professor of finance and Oklahoma Bankers Association chair of Commercial Bank Management.

At the conference, Kyle Dean, associate director and research economist for the Center of Applied Economic Research, and Deidre Myers, director of research and economic analysis for the Oklahoma Department of Commerce, will discuss the economic development along the I-35 Corridor.

“From San Antonio to Kansas City, the corridor of I-35 is among the fastest growing mega regions in the U.S., as evidenced by the marked development of the Oklahoma City to Dallas/Fort Worth subsection,” Dean said.

Other conference speakers include Chad Wilkerson, vice president, branch executive and economist of the Oklahoma City branch of the Federal Reserve Bank of Kansas City and Jim East, principal, Strategies for Oklahoma LLC, Tulsa. Wilkerson and East will review national economic conditions, as well as the potential direction of the Federal Reserve policy.

Registration is $65 per person; for groups of eight or more people from the same company/organization, registration is $50 per person.

Sponsorships and display booths also are available. To register or for more information, visit http://cepd.okstate.edu or call the OSU Center for Executive and Professional Development at 405-744-5208 or 866-678-3933.