Arizona Economic Forecast 2009: Just the Facts
 Arizona is currently in last place among the states for job growth -- an uncomfortable position, especially for a state accustomed to leading in that category. And though light is beginning to break through, the state's real estate market continues to struggle through a dark time. What's ahead? Recovery -- but a painful one. In this Special Report, Knowledge@W. P. Carey covers the annual Economic Outlook Luncheon sponsored by the Economic Club of Phoenix on May 20. W. P. Carey Economist Lee McPheters presented the big picture, forecasting the end of the recession in fourth quarter 2009 and a rugged period of recovery. Economist Dennis Hoffman dissected the state's revenue and budget challenges. And Eileen Klein, director of the Arizona Governor’s Office of Strategic Planning and Budgeting, presented the governor's strategy to meet those challenges. Read and listen -- then test your knowledge by taking the Third Annual Arizona Economic Confidence Quiz. |
| The End (of Recession) Is Near, But It Won't Be Pretty |
| An anemic economic recovery will begin at the end of the year, but don't expect the pain to end anytime soon. That was the analysis provided by top economic experts from the W. P. Carey School of Business and the Arizona governor's office at the annual Economic Outlook Luncheon on May 20. Economists Dennis Hoffman and Lee McPheters shared the podium with Eileen Klein, director of the Arizona Governor's Office of Strategic Planning and Budgeting. Their message was that the economy will begin to regain strength, but the process will be slow. Meantime, if nothing is done to address the problem, the state's revenue gap will continue to widen over the next several years. |
| Arizona and the Recession: Three Perspectives |
| On May 20, the Economic Club of Phoenix presented its annual Economic Outlook Luncheon. W. P. Carey economists Lee McPheters and Dennis Hoffman sketched the current condition in Arizona and the U.S., then Eileen Klein, director of the Arizona Governor’s Office of Strategic Planning and Budgeting, presented the governor's strategy to meet those challenges. Knowledge brings you their speeches and accompanying slides. |
| Take the Test: Third Annual Arizona Economic Confidence Quiz |
| How confident are you that you understand the Arizona economy? This test of your economic knowledge was administered at the Annual Economic Outlook luncheon hosted by the W. P. Carey School's Economic Club of Phoenix. Some of the answers may surprise you! |
