Valley economists expect Arizona to aggressively rebound in 2022-23

By Jim Cross | KTAR

PHOENIX – It has been almost one year since coronavirus sent Arizona’s economy, one of the nation’s hottest at the time, into recession. While two Valley economists differ on how close the state is to the finish line, they both agree the return will be big.

The state lost more than 300,000 jobs and an estimated 70,000 to 90,000 jobs remain unrecovered, but Phoenix economic consultant Jim Rounds believes the recession in Arizona is finished.

“It will probably take until the end of the year to see full job recovery. That’s more optimistic than projections were not that long ago and the state of Arizona is going to do quite well,” Rounds said Friday.


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