The UCF Institute for Economic Forecasting (IEF) is an economic

research institute A research institute, research centre, or research organization is an establishment founded for doing research. Research institutes may specialize in basic research or may be oriented to applied research. Although the term often implies natural ...

of the College of Business Administration at the

University of Central Florida The University of Central Florida (UCF) is a public university, public research university with its main campus in unincorporated area, unincorporated Orange County, Florida, United States. It is part of the State University System of Florida. ...

located in

Orlando Orlando commonly refers to: * Orlando, Florida, a city in the United States Orlando may also refer to: People * Orlando (given name), a masculine name, includes a list of people with the name * Orlando (surname), includes a list of people wit ...

Florida Florida ( ; ) is a U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders the Gulf of Mexico to the west, Alabama to the northwest, Georgia (U.S. state), Georgia to the north, the Atlantic ...

, 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 * ''D ...

of the institute is Dr.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 market decline in economies around the world that occurred from late 2007 to mid-2009.

and the

Deepwater Horizon oil spill The ''Deepwater Horizon'' oil spill was an environmental disaster off the coast of the United States in the Gulf of Mexico, on the BP-operated Macondo Prospect. It is considered the largest marine oil spill in the history of the petroleum in ...

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 was an American information technology, information technology company founded in 1982 that developed, sold, and supported computers and related products and services. Compaq produced some of the first IBM PC compati ...

Dell Dell Inc. is an American technology company that develops, sells, repairs, and supports personal computers (PCs), Server (computing), servers, data storage devices, network switches, software, computer peripherals including printers and webcam ...

and

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

. 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 Pennsyl ...

American University in Cairo The American University in Cairo (AUC; ) is a private research university in New Cairo, Egypt. The university offers American-style learning programs at undergraduate, graduate, and professional levels, along with a continuing education program. ...

University of North Dakota The University of North Dakota (UND) is a Public university, public research university in Grand Forks, North Dakota, United States. It was established by the Dakota Territory, Dakota Territorial Assembly in 1883, six years before the establishm ...

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 total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance o ...

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 or ...

investments Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

net exports Balance of trade is the difference between the monetary value of a nation's exports and imports of goods over a certain time period. Sometimes, trade in services is also included in the balance of trade but the official IMF definition only consi ...

and

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

. Forecast information has been featured in the

USA Today ''USA Today'' (often stylized in all caps) is an American daily middle-market newspaper and news broadcasting company. Founded by Al Neuharth in 1980 and launched on September 14, 1982, the newspaper operates from Gannett's corporate headq ...

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 ...

Reuters Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

, 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 a ...

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 a city in the Florida panhandle in the United States. It is the county seat and only city in Escambia County. The population was 54,312 at the 2020 census. It is the principal city of the Pensacola metropolitan area, which ha ...

Tallahassee Tallahassee ( ) is the capital city of the U.S. state of Florida. It is the county seat of and the only incorporated municipality in Leon County. Tallahassee became the capital of Florida, then the Florida Territory, in 1824. In 2024, the est ...

Jacksonville Jacksonville ( ) is the most populous city proper in the U.S. state of Florida, located on the Atlantic coast of North Florida, northeastern Florida. It is the county seat of Duval County, Florida, Duval County, with which the City of Jacksonv ...

, Gainesville,

Ocala Ocala ( ) is a city in and the county seat of Marion County, Florida, United States. Located in North Central Florida, the city's population was 63,591 as of the 2020 census, up from 56,315 at the 2010 census and making it the 43rd-most popul ...

Deltona Deltona is a city in Volusia County, Florida, United States. It is located on the northern shore of Lake Monroe. As of the 2020 census, the city population was 93,692. It is a principal city of the Deltona–Daytona Beach–Ormond Beach met ...

Daytona Beach Daytona Beach is a coastal resort city in Volusia County, Florida, United States. Located on the East Coast of the United States, its population was 72,647 at the 2020 census. It is part of the Deltona–Daytona Beach–Ormond Beach metropo ...

Tampa Tampa ( ) is a city on the Gulf Coast of the United States, Gulf Coast of the U.S. state of Florida. Tampa'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 t ...

St. Petersburg Saint Petersburg, formerly known as Petrograd and later Leningrad, is the second-largest city in Russia after Moscow. It is situated on the River Neva, at the head of the Gulf of Finland on the Baltic Sea. The city had a population of 5,601, ...

, 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. ...

, Palm Bay-

Melbourne Melbourne ( , ; Boonwurrung language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victori ...

Naples Naples ( ; ; ) is the Regions of Italy, regional capital of Campania and the third-largest city of Italy, after Rome and Milan, with a population of 908,082 within the city's administrative limits as of 2025, while its Metropolitan City of N ...

Marco Island Marco may refer to: People Given name * Marco (actor) (born 1977), South Korean model and actor Surname * Georg Marco (1863–1923), Romanian chess player of German origin * Jindřich Marco (1921–2000), Czechoslovak photographer and numismat ...

, and

Miami Miami is a East Coast of the United States, coastal city in the U.S. state of Florida and the county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida. It is the core of the Miami metropolitan area, which, with a populat ...

Fort Lauderdale Fort Lauderdale ( ) is a coastal city located in the U.S. state of Florida, north of Miami along the Atlantic Ocean. It is the county seat of and most populous city in Broward County with a population of 182,760 at the 2020 census, making it ...

Research in the media

University and Institute research has appeared in the

New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

, 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 ventur ...

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 News broadcasting#Television, 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 featu ...

and

National Public Radio National Public Radio (NPR) is an American public broadcasting organization headquartered in Washington, D.C., with its NPR West headquarters in Culver City, California. It serves as a national Radio syndication, syndicator to a network of more ...

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

CNN Cable News Network (CNN) is a multinational news organization operating, most notably, a website and a TV channel headquartered in Atlanta. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable ne ...

and

MSNBC MSNBC is an American cable news channel owned by the NBCUniversal News Group division of NBCUniversal, a subsidiary of Comcast. Launched on July 15, 1996, and headquartered at 30 Rockefeller Plaza in Manhattan, the channel primarily broadcasts r ...

, and have been included in notable publications, such as

Bloomberg BusinessWeek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in Septembe ...

The Miami Herald The ''Miami Herald'' is an American daily newspaper owned by The McClatchy Company and headquartered in Miami-Dade County, Florida. Founded in 1903, it is the fifth-largest newspaper in Florida, serving Miami-Dade, Broward, and Monroe countie ...

, and

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' ...

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