Thursday, December 3, 2009

AZCentral.com | Arizona's Economy May Take Years to Recover

http://www.azcentral.com/business/articles/2009/12/03/20091203biz-forecast1203.html


  • Arizona remains dead last among all the states for job growth and is expected next year to experience an unprecedented third straight year of job losses.
  • Arizona's deficit will continue at $1.5 billion to $2 billion a year for several years
  • Even if housing construction picks up next year, it will still be about 85 percent off its peak years.
  • There will not be another major office building built for five to six years.