The Annual Economic Forecast for the Charleston region is a partnership project between the Charleston Metro Chamber of Commerce’s Center for Business Research and the College of Charleston’s School of Business.
The key to the success of the forecasting project has been the Economic Outlook Board, whose collective insight provides information that may not be picked up in a statistical analysis of the data. The Board often has information on future developments that no statistical model would capture. Furthermore,the data is typically reported in a lag – the Economic Outlook Board reviews the statistical forecast and adds the “real-time, real-knowledge” insight into the actual performance of the local economy.
This year marks the 26th Annual Conference and Forecast.
25 Years of the Economic Forecast
The annual economic forecast for the Charleston region is a partnership project between the Charleston Metro Chamber of Commerce’s Center for Business Research and the College of Charleston’s School of Business and Economics. This published forecast includes an 18- to 24-month look ahead for the housing industry, visitor industry, airport and Port of Charleston. The annual forecast is released each spring at the Chamber’s Annual Economic Outlook Conference which features insight into the national and regional economic outlook. A review of the past five annual forecasts show the forecast has had a remarkable rate of accuracy in predicting the economy’s performance.