Economist Makes Predictions For 2016 Outlook In Oklahoma City - - Oklahoma City, OK - News, Weather, Video and Sports |


Economist Makes Predictions For 2016 Outlook In Oklahoma City

Posted: Updated:
[File Photo] [File Photo]

The city's economist is now making predictions in the wake of tanking oil and gas prices.

He said the goal this year is all about survival.

“If we can get through the year without any global crisis in China developing, or a U.S. recession developing, Oklahoma City would be OK. But those are a bunch of ifs,” Oklahoma City University’s Russell Evans said.

Evans thinks Oklahoma City's economy can grow by 1 percent this year. Under current circumstances, that would be welcomed news to city leaders.

One year ago, Evan's forecast of 1,000 salaried oil and gas jobs lost became 3,000.

His prediction of $65 per barrel oil in 2016 now appears to a pipe dream.

So in this year, the definition of success is changing.

“Oklahoma City is not in trouble. But trouble is lurking behind every corner,” adds Evans.

Evans said realistic success would be to have oil in the $35 to $40 per barrel range for the year and no global crisis.

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.


Breaking political news & the latest headlines from the state capitol & D.C.


See where weather is happening using our live interactive radars.


Spend your money wisely with reviews of new tech gadgets & the latest news in technology.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive
Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.