Thursday, November 21, 2013

2014 economic forecasts coming for US, Arizona | ASU News

We’ve seen a roller-coaster year for the U.S. and Arizona economies, thanks to sequestration, the government shutdown, the debt-ceiling debate and other developments. So, what will 2014 bring? Top experts will deliver their forecasts for the state, nation, stock market and housing market at the Valley’s largest and most trusted economic-forecasting event on Dec. 4.
The 50th Annual Economic Forecast Luncheon is co-sponsored by the Department of Economics at Arizona State University’s W. P. Carey School of Business and JPMorgan Chase. About 1,000 people are expected to attend the event at the Phoenix Convention Center.
“The Arizona economy is still expanding at a slow, but steady pace as we look ahead to 2014; growth rates for employment and population are better than for most states, but still below Arizona’s long-term average,” says one of the speakers, Research Professor Lee McPheters, director of the JPMorgan Chase Economic Outlook Center at the W. P. Carey School of Business. “Analysts expect unemployment to decline next year, while job growth accelerates. However, this assumes the national economy will get back on track. If the U.S. economy picks up, then 2014 should be the best year for Arizona since the recovery began.”
2014 economic forecasts coming for US, Arizona | ASU News

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