Arizona economic forecast: Another strong year, no recession in sight

Experts say 2019 will be better than this year, with increasing population growth, an economic upswing, and a healthy commercial real estate market.

Experts say 2019 will be better than this year, with increasing population growth, an economic upswing, and a healthy commercial real estate market.

In this article on azcentral.com May 4, 2018:

We're expecting 2019 will be stronger than 2018, with population growth to pick up slightly.&nbsp

— Director of the JPMorgan Chase Economic Outlook Center Lee McPheters

There are no signs of recession for several years.&nbsp

— Director of the L. William Seidman Research Institute Dennis Hoffman

I think we're building to the demand we have. The commercial space being developed is in line with the demand being created by the economic expansion, and it's in line with job growth.&nbsp

— Director of the Master of Real Estate Development program Mark Stapp, who is the Fred E. Taylor Professor in Real Estate

Photo: Mark Stapp, left, and Lee McPheters listen as Dennis Hoffman, right, addresses a question following their projections at the Annual Economic Outlook luncheon, put on by the Economic Club of Phoenix, Thursday, May 3, 2018, at The Scottsdale Resort at McCormick Ranch. Photo by Charlie Leight/ASU Now