Client Service Center

The Oklahoma Economic Forecast at OSCPA
Published on by CS3 Technology in Blog Posts

 

by: Sheri Blaho

 

Russell Evans presented a review of the Oklahoma Economic forecast. Although the energy index for Oklahoma is going down, the employment rate at this date is remaining stable. That is because there is only weakness in this one sector, although it is a key sector. He believes that Oklahoma is in better shape for an oil retroaction due to our diversity.

Globally, he shared a discussion about the China stock market. The majority of their equity market is based on government owned and operated industries. They use this capital for investment in the private segment. As a result they have systematically misallocated resources since they are not allowing the business development to rely on public demand. This is evident with many “ghost” cities, empty apartment buildings and empty manufacturing plants. They have built them, but no demand. So their historically high GDP is below last year, as are most other counties. This means the demand for oil globally will remain low.

He predicts that this impact on oil demand based on their economic models will begin to rise in late 2016.

(877) 496-1600

Logo for CS3 Technology.

Pages

Software

Resources

Contact

This website is owned by CS3 Technology. CS3 Technology is independent from Sage and is not authorized to make any statement, representation, or warranties or grant any license or permission on behalf of Sage regarding any product, service, or website content. Certain materials made available on or through this website are owned by Sage and cannot be used without the prior written permission of Sage.