Economist: Arizona’s Post-Covid Recovery Will be ‘Incredibly Fast’
Article originally posted on Phoenix Business Journal on February 24, 2021
“There’s going to be a hell of a party in the next couple of years,” and Arizona might be having the best celebration of all when it comes to the economy following the Covid-19 pandemic, economist Christopher Thornberg said during his keynote address at the Alliance Bank of Arizona economic forum on Tuesday.
Despite the tragic circumstances of the coronavirus, the virus-induced recession has ended, and “V” shaped recovery is already taking place, he said. Even the surge of cases over the winter only slowed the national economy slightly.
“The post-Covid recovery is going to be incredibly fast,” contends Thornberg, who is the founding partner of Beacon Economics and director for the Center for Economic Forecasting and Development at the University of California, Riverside.
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