The JPMorgan Chase Economic Outlook Center was established in 1986 as the economic forecasting unit of the W. P. Carey School of Business at Arizona State University. It is founded upon the premise that individuals and corporations make better decisions if they are well-informed as to the likely course of business and economic events. Because most individuals and many corporations lack the financial and human resources to engage in sophisticated statistical modeling and computer-based planning, the JPMorgan Chase Economic Outlook Center provides these forecasts as a public service.