By Lesley Wright | The Arizona Republic
Economist Jim Rounds cautioned West Valley business leaders against becoming excited over good economic news or depressed at dips in the ongoing recovery.
The good is rarely as good as it seems and the bad often is not that bad, said Rounds, senior economist with Elliott D. Pollack & Co.
A recent drop in the national economy was due to a dip in military spending, for example, Rounds said.
The economist gave an encouraging forecast to about 150 members of Westmarc, a West Valley civic and business group, at Arizona State University’s West campus Friday.
Arizona is well-positioned to continue recovering from the recession, with most economic indicators reaching the normal range in about 2015, Rounds said.
“We’re moving in the right direction,” he added. “I think we have reason to be optimistic, especially in Arizona.”
