Consumers Anticipate Normal Spending as Economic Outlook Brightens
Economic Outlook Hosted by the W. P. Carey School of Business at Arizona State University Live on Zoom May 6
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TEMPE, Ariz., April 26, 2021 /PRNewswire/ The state and national economic outlook has brightened as federal stimulus programs are expected to boost output and employment in the months ahead, according to Arizona State University economists. With the economy rebounding and consumers looking forward to resuming more normal spending patterns, the annual Economic Outlook is an important event to attend. One of the longest-running, most in-demand forecast events in the Valley will be offered live on Zoom and presented by the Economic Club of Phoenix (ECP) on Thursday, May 6, from noon to 1 p.m. ECP events are free of charge this spring, and all are invited to attend the premier business speaker series. Register at wpcarey.asu.edu/ecp.
Arizona economy rebounding, but coast not clear yet
Arizona’s economy is rebounding from the pandemic, but uncertainty still looms as COVID-19 cases are rising and federal aid programs are about to disappear, one of the state’s leading economists said last week.
For now, Arizona is seeing positive signs with continued population growth, employees returning to work and retail spending on the rise, said Lee McPheters, director of the JPMorgan Chase Economic Outlook Center at Arizona State University (ASU), who spoke during the 57th annual ASU/PNC Bank Economic Forecast Luncheon last week.
Lee McPheters
Full recovery should come next year, but it will require more federal stimulus to help those still affected by the pandemic, said McPheters, the editor of the Western Blue Chip Economic Forecast publications who also oversees the Job Growth USA website that tracks employment across states and metropolitan areas.