Economists: Phoenix more prepared to weather economic slowdown than a decade ago

If there is an impending recession, it’s likely to be short and shallow, economists studying the Arizona and U.S. economy said Thursday, forecasting that any upcoming market correction would be nothing like the market experienced during 2007 and 2008.

At the Economic Outlook 2020 event on Oct. 10 hosted by the Greater Phoenix Chamber of Commerce, Elliott Pollack, CEO of Elliott D. Pollack & Co., said while it is “very late in the game” of the economic recovery since the last recession, he did not foresee another recession being triggered based on current economic factors.

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