Arizona economy to shine in 2019

During his forecast at the 55th annual Economic Forecast Luncheon, Lee McPheters said that there is currently no general slowdown in economic activity. The only possibility of a recession is if something happens at the national level. Then future economic conditions would be completely unpredictable.

In an article Nov. 30, 2018, on Chamber Business News, McPheters also said:

Businesses are going to have to get used to paying higher wages. In all industries, we’re going to have to pay more if we’re going to be a dynamic labor market.

Lee McPheters, research professor of economics and director of the JPMorgan Chase Economic Outlook Center

Get the latest from the W. P. Carey School of Business

W. P. Carey News  |  Headlines and deep dives

KnowIT  |  IT news and research

We're committed to your privacy. W. P. Carey uses the information you provide to us only to share our relevant content that you select. You may unsubscribe from these communications at any time. For more information, check out our privacy policy.