Growth & Business Cycles

The Arizona economy is predicted to sustain stable, subtle growth over the next year under the Trump administration, according to our economists.

Dennis Hoffman, Lee McPheters, and Mark Stapp from ASU’s W. P. Carey School of Business addressed all the big issues and provided the first look at the local and national economy in 2018 at the Annual Economic Luncheon.

Research Professor Lee McPheters, director of the JPMorgan Chase Economic Outlook Center, shares the latest information on the Phoenix economy at the Economic Club of Phoenix Luncheon on March 29, 2017.

The Phoenix metro area boasts a team in all four big-league sports, making it one of only a dozen metropolitan areas that can make this claim. And, of course, ASU has a high-level athletic program that draws hundreds of thousands of fans every year. Taken together, the greater Phoenix area arguably has the most dynamic, year-round schedule of sports attractions in the nation. Participants in the first annual sports symposium hosted by the W. P. Carey School’s Sports Business Association talked about the ways sports industry contributes to the economy.

Politicians and pundits blame sinking workforce participation on discouraged workers exiting the job market, but actually demographics plays a big role.