PHOENIX (AP) - Some of Arizona's top business experts say jobs and home prices are
slowly rebounding, but the state has a long way to go and federal budget
cuts aren't helping.
Experts from the W.P. Carey School of Business at Arizona State University delivered their latest forecasts Thursday.
They say Arizona has gained back nearly 40% of the
314,000 jobs that were lost during the recession, but that pace is well
behind the nation as a whole.
While the state will have to wait a couple more
years for full recovery, the forecasts show Arizona is doing better than
Economics professor Dennis Hoffman says decisions
that have yet to be made on possible Medicaid expansion, the loss of the
temporary sales tax and potential taxing of online sales could affect
Arizona's economy going forward.
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