Annual Economic Outlook: Thriving and likely to flourish into 2020

W. P. Carey's top experts answered questions about the state and nation at the Annual Economic Outlook Luncheon, presented by the Economic Club of Phoenix.

W. P. Carey's top experts answered questions about the state and nation at the Annual Economic Outlook Luncheon, presented by the Economic Club of Phoenix.

Dennis Hoffman, professor of economics and director of the Seidman Research Institute, examined recent national trends and discusses the factors that will influence those trends going forward.

Lee McPheters, research professor of economics and director of the JPMorgan Chase Economic Outlook Center, offered a first look at the year ahead for Arizona and the Phoenix metro area, along with an update on year-to-date performance in 2019.

Mark Stapp, Fred E. Taylor Professor in Real Estate and executive director of the Master of Real Estate Development program, explained the concerns over affordable housing amid the rapid growth in home prices.

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Top photo from left: Dennis Hoffman, Lee McPheters, and Mark Stapp answer questions at the Economic Club of Phoenix's Annual Economic Outlook Luncheon on Thursday, May 2, 2019. The three offered views ranging from national trends to local factors in their consensus view that Arizona will continue growing, but will slow down a little in the coming year. Photo by Charlie Leight/ASU Now