ASU economists predict recession of 3 to 9 months and a swift recovery by early 2021

How soon will the economy pick back up as Arizona and other states reopen their economies? Professors from the W. P. Carey School of Business share their predictions on the recession.

Arizona and many other states are beginning to gradually reopen their economies. How will businesses, individuals, and the overall economy be affected by this? Get a forecast on the recession from Professor of Economics Dennis Hoffman, who is the director of the Seidman Research Institute; Research Professor of Economics Lee McPheters, who is the director of the JPMorgan Chase Economic Outlook Center; and Fred E. Taylor Professor in Real Estate Mark Stapp, who's the executive director of the Master of Real Estate Development program.

In this story published May 5, 2020, on azcentral:

Arizona State University economists are predicting a recession of three to nine months, followed by a swift recovery if consumer spending — bolstered by heavy federal stimulus — kicks in as they expect.