What's Next For Arizona's Economy?
Arizona’s economy was on a roll with a population that was climbing along with job growth.
The state budget had a significant surplus and a $1 billion rainy day fund. And Gov. Doug Ducey made it clear the state was "open for business."
But then worries and uncertainty around the coronavirus led to businesses closing overnight and restaurants having to move to takeout and delivery, and Arizona’s economy, like the rest of the nation’s, plunged into a recession.
So what’s our current condition and how long will we stay there?
To talk about that is ASU economist Lee McPheters.