Economists predict local and nationwide economies could get back to business as usual in the new year if a vaccine stops the spread of COVID-19 and Congress supports a stimulus plan to keep the rebound going.

KJZZ's The Show talked with Professor of Economics Dennis Hoffman about how the incoming Biden administration will look at defense spending once it takes office in the new year.

Speakers from across the country and region share what's in store for the year ahead at the 57th annual ASU/PNC Bank Economic Forecast Luncheon.

Most people don't know the recession shapes. President Donald Trump has described the country’s economic recovery as V-shaped, whereas Vice President Joe Biden has called it a K-shape. Professor of Economics Dennis Hoffman agrees with the latter and explains why.

A study conducted by the New York-based New School, which examined unemployment since the beginning of COVID-19, has found that for the first time since the 1970s, older workers are facing higher unemployment rates than mid-career workers.