Economic Outlook Luncheon 2013/2014
The following materials were presented at The University of Arizona’s 32nd Annual Forecast Luncheon, sponsored by J.P. Morgan Chase on December 7, 2012, at the Westin la Paloma in Tucson, Arizona.
Presenters: Gerald J. Swanson, Ph.D., Professor of Economics and Thomas R. Brown Chair in Economics Education, Marshall J. Vest, Director, Economic and Business Research Center, and Jim Glassman, Managing Director and Head Economist of the Commercial Bank, JPMorgan Chase & Co.
The nation’s economy suffered a slowdown during the summer and suffers from weak momentum as the year end approaches. Uncertainty from the elections, Congress’ ability to address the year-end fiscal cliff, increased regulation, and effectiveness of monetary policy continue to restrain both businesses and consumers. Recession in the Eurozone and a pronounced slowdown in China remain the main risks to the U.S. expansion. On a positive note, housing prices have reversed direction and are increasing at near double-digit annual rates in Arizona markets. But both population growth and job growth are, at best, running at half throttle. How much longer will the de-leveraging process continue? When will mobility of the nation’s population return? What are the effects of the election?
- Arizona and U.S. Economic Outlook 2013/2014 - Marshall J. Vest and Gerald Swanson, Ph.D.
- Economic Outlook: Back to the Future - James Glassman
- Notes on Economic Recovery - James Glassman
We thank our 2013-2014 Economic Outlook Forecast Luncheon sponsor:
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