November 20, 2009

Top Experts to Deliver 2010 Economic Forecasts for U.S. and Arizona

W. P. Carey School & JPMorgan Chase Host 46th Annual Event

TEMPE, Ariz. — Though the recession may officially be over, Americans are still worried about unemployment, debt and making it through continued tough times. Top economic experts will offer up their 2010 forecasts for Arizona and the nation at the Valley’s largest and most trusted economic event. The 46th Annual Economic Forecast Luncheon, co-sponsored by Arizona State University’s W. P. Carey School of Business Department of Economics and JPMorgan Chase, will be held Dec. 2.

More than 1,000 people are expected to attend the event, which is always popular with both the public and the media. This year, a lot of attention will focus on when the Arizona economy will start to recover from its recent freefall.

“In past downturns, we were often able to say the Arizona economy was still doing better than most states,” says Professor Lee McPheters, director of the W. P. Carey School of Business’ JPMorgan Chase Economic Outlook Center. “However, in this recession, Arizona has been hit harder than other states, and we are looking down a long, twisted road before we can say the economy has recovered here.”

Attendees will learn more from the experts about how and when recovery is expected. Luncheon presentations will include the outlooks for:

  • The Arizona and regional economies – from W. P. Carey School of Business Professor Lee McPheters, editor of the Arizona and Western Blue Chip Economic Forecast publications
  • The United States and the financial sector – from Anthony Chan, managing director and chief economist for JPMorgan Chase Private Client Services
  • Real estate and construction – from Elliott D. Pollack, president of Elliott D. Pollack and Company

The 46th Annual Economic Forecast Luncheon will be held in the Phoenix Convention Center’s South Ballroom from 11:15 a.m. to 1:30 p.m. on Wednesday, Dec. 2. Admission is $75 per person. Proceeds from the luncheon are used to support student scholarships, faculty research, and other academic and professional activities at the W. P. Carey School of Business Department of Economics. For more information, including registration details, go to

The W. P. Carey School of Business at Arizona State University is one of the top-ranked and largest business schools in the United States. The school is internationally regarded for its research productivity and its distinguished faculty members, including a Nobel Prize winner. Students come from 90 countries and include more than 60 National Merit Scholars. For more information please visit and