The pandemic and resulting restrictions have inflicted unprecedented damage to the economy, impacting about half a million jobs in Arizona. For insight into the setbacks and what the road to recovery may look like, we turned to University of Arizona Eller College of Management economist George Hammond.
“I think that the Arizona economy is going to recover gradually over the next couple of years. I think we’ll get back to the levels that we saw in late 2019 sometime in 2022,” Hammond said. “It’s also important to keep in mind that the Arizona economy was very strong before the outbreak struck. Arizona was generating jobs at roughly double the national rate. The Arizona economy was in good shape before the outbreak. And I think the longer-term prospects are very good for Arizona.”