Economic Club of Phoenix

2024 outlook from ASU and national economists

Speakers from across the country and region share what's in store for the year ahead at the 60th annual ASU/PNC Bank Economic Forecast Luncheon.

TEMPE, Ariz. (Nov. 28, 2023) — A precise 2024 economic outlook would be invaluable, given such an evaluation is complex. While a recession is becoming less likely, many unanswered questions remain, and we are still concerned about inflation. The ongoing crisis in Ukraine, the war in the Middle East, and tensions with China contribute to the continuing instability in the world economy. The sustained popularity of remote work is affecting commercial real estate and office financing. Climate change led to billion-dollar productivity losses in the U.S. economy. But we can give thanks for substantial growth driven by technological investments in Phoenix's West Valley.

Join us at this Economic Forecast Luncheon — hosted by the W. P. Carey School of Business at Arizona State University and sponsored by PNC Bank — where top national and regional experts will present their economic forecasts, answer questions, and advise on these issues.


  • Keynote address: Robert J. Barro, Paul M. Warburg Professor of Economics, Harvard University
  • U.S. economic outlook: Augustine Faucher, Chief Economist, The PNC Financial Services Group
  • Outlook for the regional and metro economy: Dennis L. Hoffman, Director, L. William Seidman Institute and ASU’s Office of the University Economist

When: Wednesday, Dec. 6, 2023, from 11:15 a.m. to 1:30 p.m. (Arizona time)

Where: Renaissance Phoenix Downtown Hotel


Dennis Hoffman is available for media opportunities in person at the Renaissance Phoenix Downtown Hotel before the event, beginning at 10 a.m. Reporters can schedule interviews by emailing Shay Moser at To schedule an interview with Augustine Faucher, contact Heidi Hurst, vice president of regional communications for PNC Bank, at

About PNC Bank
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking, including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance, and asset-based lending; wealth management and asset management. For information about PNC, visit

About the W. P. Carey School of Business
The W. P. Carey School of Business at Arizona State University is one of the top-ranked business schools in the United States. The school is internationally regarded for its research productivity and distinguished faculty members. Students come from more than 100 countries, and W. P. Carey is represented by alums from over 160 countries. Visit

For more information, contact:
Shay Moser, W. P. Carey School of Business

Latest news