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UCLA Anderson Forecast Issues a Recession Watch

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Historically, recessions occur when multiple economic sectors contract at the same timeCurrent factors to consider include: a slow-down in the manufacturing sector; reductions in work force because of immigration policy; and cuts in federal government employment

LOS ANGELES, March 18, 2025 /PRNewswire/ — A newly released analysis of the Trump administration’s economic policies leads the UCLA Anderson Forecast to issue a recession watch. While there are no signs of a recession happening yet, it is entirely possible that one could form in the near term. Authored by UCLA Anderson Forecast economist Clement Bohr, the study delineates the factors that led to this watch.

From the post-Civil War recession of 1873 to today, recessions have occurred when multiple economic sectors contract at the same time. The new study notes that:

The current reduction in the work force resulting from new immigration policy will create labor shortages in agriculture, health care, leisure and hospitality, and construction.The new tariff policy will engender higher prices for automobiles, apparel, electronics and the inputs to manufacturing.The downsizing and restructuring of the federal government will reduce employment in government and at government contractors.

If these, and their consequent feedback into the demand for goods and services, occur simultaneously, they create a recipe for a recession. However, If the impact of these policies is sequential, then a 1995-style slowdown might be possible. As this trifecta of dramatic policy changes has not been experienced before, there is no data to indicate which will happen. Consequently, the Anderson Forecast is on recession watch.

About UCLA Anderson Forecast
UCLA Anderson Forecast 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 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.
uclaforecast.com

About UCLA Anderson School of Management
UCLA Anderson School of Management is a world-renowned learning and research institution. As part of the nation’s No. 1 public university, its mission is to advance management thinking and prepare transformative leaders to make positive business and societal impact. Located in Los Angeles, one of the nation’s most diverse and dynamic cities and the creative capital of the world, UCLA Anderson places more MBAs on the West Coast than any other business school, and its graduates also bring an innovative and inclusive West Coast sensibility to leading organizations across the U.S. and the world. Each year, UCLA Anderson’s MBA, Fully Employed MBA, Executive MBA, UCLA-NUS Executive MBA, Master of Financial Engineering, Master of Science in Business Analytics and doctoral programs educate more than 2,000 students, while the Executive Education program trains an additional 1,800 professionals. This next generation of transformative leaders will help shape the future of both business and society.
anderson.ucla.edu

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KIIT Expands Global Presence Through Strategic Academic Collaborations

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BHUBANESWAR, India, March 29, 2025 /PRNewswire/ — KIIT Deemed to be University (https://kiit.ac.in/), Bhubaneswar, India, continues to expand its global footprint through strategic partnerships with reputed international institutions. It has recently signed Memoranda of Understanding (MoUs) with three prestigious universities – the University of Tulsa (USA), Toi Ohomai Institute of Technology (New Zealand), and the University of Washington-Bothell (USA). These collaborations offer students and faculty enhanced academic and research opportunities.

 

 

As part of its global education initiative, KIIT has partnered with the University of Tulsa, Oklahoma, USA, to launch a dual degree program in B.Tech. This 2+2 model allows students to complete two years at KIIT and the remaining two years at the University of Tulsa, earning a degree from both institutions.

Beyond the dual degree program, 40 KIIT students from various disciplines, including engineering and liberal studies, will participate in short-term courses at the University of Tulsa, gaining hands-on experience and international exposure. This partnership also facilitates faculty exchanges, joint research projects, and sabbatical opportunities between the two institutions.

Further strengthening its international presence, KIIT has signed an MoU with Toi Ohomai Institute of Technology, New Zealand. Signed in the presence of Mr. Christopher Luxon, Hon’ble Prime Minister of New Zealand, the partnership aims to enhance teaching and research capabilities, focusing on articulation pathways in commerce and management at both undergraduate and postgraduate levels. Toi Ohomai is a leading vocational and applied tertiary education provider known for its industry-aligned programs and hands-on learning approach.

KIIT has also forged an impactful academic collaboration with the University of Washington-Bothell (UWB), USA, through an immersive learning initiative. A delegation of 18 members from UWB, during their visit to KIIT, worked with KIIT’s management students to analyze real-world business challenges faced by local enterprises and develop sustainable solutions.

This initiative brought together students from both universities, providing them with valuable international exposure and practical learning experiences. The collaboration represents an innovative model for global academic engagement, encouraging universities to move beyond traditional exchange programs and embrace collaborative teaching models.

With over 350 MoUs signed with leading universities and corporations worldwide, KIIT has established itself as a hub for academic excellence and cultural exchange. Dr. Achyuta Samanta, Founder, KIIT, KISS & KIMS, emphasized the importance of such collaborations in equipping students with a global perspective, AI integration, and skill development opportunities that align with the evolving global workforce.

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STATE GRID ZHEJIANG ELECTRIC POWER CO., LTD: Early Action for Spring Farming, Sufficient Power for Spring Plowing

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LISHUI, China, March 29, 2025 /PRNewswire/ — Plant a grain of rice in spring, and harvest thousands of seeds in autumn. On March 11, employees from STATE GRID ZHEJIANG ELECTRIC POWER CO., LTD visited the grain planting base in Yushang Township, Qingyuan County, to inspect agricultural power lines and equipment, ensuring adequate electricity for spring farming and irrigation, and helping farmers increase production and income.

In the seedling factory, the seedling production line is running efficiently, with the sounds of machinery echoing. In the fields, rows of greenhouses are neatly arranged, and farmers are busy in small groups, enjoying the warm spring sunlight. The cheerful faces and the red vests moving through the greenery make for a beautiful spring scene, marking the busy farming season.

Yushang Township, located in the southwest of Qingyuan, has favorable geographical conditions and has long been known as the “grain warehouse of Qingyuan.” Over the years, Yushang has leveraged its geographical advantages to accelerate the development of modern agriculture, building high-standard grain production bases. With the arrival of spring, the base has gradually regained vitality, and farmers are busy preparing for the upcoming harvest.

Proactive Service, Close Engagement with Farmers

Since March, in order to ensure smooth electricity supply for spring plowing and planting, STATE GRID ZHEJIANG ELECTRIC POWER CO., LTD took early action and made early arrangements. The company organized employees to go deep into the fields, inspecting transformers and power supply equipment related to spring farming. They checked electrical lines for greenhouses, leakage protectors, water pumping motors, and replaced substandard switches, sockets, and damaged wires to eliminate potential electrical hazards.

At the same time, the company tailored its services to the electricity usage conditions of the planting base, teaching farmers energy-saving tips, promoting electricity price policies, and providing guidance on safe and scientific electricity use. They patiently instructed customers to download the “State Grid” app, providing “online” one-click electricity services, and opened a green channel for spring farming electricity, simplifying procedures for agricultural electricity applications and capacity increases. The company also arranged for 24-hour emergency repair services, ensuring that any faults were dealt with promptly to help farmers resolve electrical issues in spring farming and irrigation.

“Since we started using greenhouses for planting, irrigation, heating, and ventilation all rely on a stable electricity supply. The power supply company regularly visits us to check our electricity usage, which gives us peace of mind. Now, power equipment failures and circuit breaker trips have decreased, and the electricity supply is much more stable,” said Wu Xinghua, the manager of the greenhouse base, happily. “We are planning to expand the planting scale next!”

In the next phase, STATE GRID ZHEJIANG ELECTRIC POWER CO., LTD will continue to provide high-quality, convenient, fast, and efficient services for spring irrigation and plowing. The company will implement various power supply guarantee measures in detail, ensuring that “electricity reaches the fields and services reach the farmers,” and removing obstacles to the “last mile” of power supply services.

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SOURCE STATE GRID ZHEJIANG ELECTRIC POWER CO., LTD

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Accelerating Connectivity in the Asia-Pacific: ADC Submarine Cable Empowers the Digital Future

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HONG KONG, March 29, 2025 /PRNewswire/ — On March 24, the launch ceremony of ADC Submarine Cable’s commissioning was successfully held at the Everbright Centre in Hong Kong. The event brought together over a hundred distinguished guests, including prominent figures from the political and business sectors, industry experts, and representatives from leading media organizations.

The ADC Submarine Cable project is jointly constructed by China Telecom, China Unicom, Singapore Telecom, Japan’s SoftBank, TATA Communications, Vietnam’s VIETTEL, Thailand’s NT, and the Philippines’ PLDT. As the only international submarine cable initiative launched in the Asia-Pacific region over the past nine years, it boasts the highest system transmission capacity and the largest number of fiber pairs in the region. Spanning 9,988 kilometers, the ADC Submarine Cable links mainland China, Hong Kong, Japan, Singapore, and multiple other countries and regions across the Asia-Pacific. Designed with an open cable architecture and cutting-edge high-capacity optical transmission technology, it features a per-fiber pair design capacity exceeding 20 Tb/s, with a total system capacity surpassing 160 Tb/s. By offering diverse routing options, the ADC Submarine Cable significantly strengthens network resilience and stability across the Asia-Pacific, reinforcing the region’s digital infrastructure.

At the event, Prof. Sun Dong, Secretary for Innovation, Technology and Industry, the Government of HKSAR, emphasized that as a key gateway for the country’s opening-up, Hong Kong will fully harness its unique advantages under the “one country, two systems” framework. Leveraging its strategic roles as a “super connector” and “super value-adder,” Hong Kong aims to facilitate the global expansion of mainland enterprises while attracting international businesses. The Hong Kong SAR Government remains committed to enhancing the innovation and technology ecosystem through institutional innovation, policy coordination, and international collaboration. He encouraged industry leaders, including China Telecom, to embrace national and SAR government initiatives, capitalize on the opportunities presented by the digital economy, and intensify R&D efforts to drive breakthroughs in artificial intelligence, big data, and other frontier technologies. At the same time, he expressed confidence that more enterprises would actively contribute to Hong Kong’s innovation and technology landscape, fostering an open and inclusive ecosystem and reinforcing the city’s position as a globally influential hub for technological advancement.

Ms. Liu Ying, Executive Vice President of China Telecommunications Corporation Ltd. (hereinafter referred to as “China Telecom”), indicated that the official launch of the ADC Submarine Cable marks a significant milestone in international cooperation. This achievement not only reaffirms China Telecom’s long-standing commitment to its global expansion strategy, cloud-network integration, and digital transformation but also ushers in a new era of collaboration with global partners to drive technological progress and shared prosperity. She also highlighted that China Telecom’s international business will continue to leverage Hong Kong as a strategic hub, dedicated to fostering a more open and collaborative ecosystem, advancing digital technology innovation, and accelerating the growth of the digital economy. The company remains committed to delivering more efficient, secure, and intelligent communication services to global users while working with industry partners to build a dynamic, inclusive, and mutually beneficial digital landscape.

As one of the organizers of the ADC Submarine Cable project, Mr. Yin Jin, CEO of China Telecom Global introduced that the ADC Submarine Cable will add over 50 Tb/s of bandwidth capacity to the Asia-Pacific region, supporting the exponential growth in data demand driven by artificial intelligence, the Internet of Things, and cloud computing. By offering a high-speed and resilient submarine communication network, the project not only enhances international telecommunications cooperation but also plays a vital role in fostering the high-quality development of the digital economy. In alignment with Hong Kong’s vision of becoming an International Innovation and Technology Hub, China Telecom Global is accelerating the development of major infrastructure projects, including the Tseung Kwan O Data Center, the Chung Hom Kok Cable Landing Station, and the New Eurasia and New Asia-Pacific submarine cables. The company is also strengthening its R&D capabilities through the establishment of AI and cybersecurity innovation centers, reinforcing its long-term commitment to driving technological progress and contributing to Hong Kong’s continued prosperity.

As the backbone of the global internet, submarine cables serve as a vital lifeline for international data transmission. In the future, China Telecom will collaborate with major global operators to continuously promote more submarine cable construction projects, further reinforcing the infrastructure that underpins 5G, AI, and digital technologies. By enhancing global connectivity, the company aims to accelerate the digital transformation landscape and contribute to the high-quality advancement of the digital economy.

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SOURCE China Telecom Global

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