ASU economics professor predicts a slow state recovery

Although the economy is expected to gradually improve beginning in July, the unemployment rate in the Valley will still be in double digits, at nearly 10%, at the beginning of 2021. Lee McPheters says the way to get through the economic crisis is with continued stimulus.

In this story published May 14, 2020, on KJZZ:

It’s the consumer that’s going to bring us out of this downturn. And they’re going to be using funding that is coming from fiscal policy, aid for the unemployed, loans to small business. All of this is expected to kick in around the third quarter.


– Research Professor of Economics Lee McPheters, who is the 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.