Arizona poised for rapid growth, economist predicts - WTVM.com-Columbus, GA News Weather & Sports

Arizona poised for rapid growth, economist predicts

Posted: Updated:
© CBS 5 News © CBS 5 News
  • NEWSMore>>

  • Wrong way motorcyclist recovering after high speed chase

    Wrong way motorcyclist recovering after high speed chase

    Friday, April 18 2014 12:47 PM EDT2014-04-18 16:47:22 GMT
    A MOTORCYCLIST CRASHED AFTER A HIGH SPEED CHASE WITH AUTHORITIES IN EAST ALABAMA, ACCORDING TO THE LEE COUNTY SHERIFF. OFFICIALS SAY THE CHASE BEGAN WHEN THE MOTORCYCLIST WAS SPEEDING AND DEPUTIES ATTEMPTEDMore >>

    A motorcyclist crashed after a high speed chase with authorities in East Alabama, according to the Lee County sheriff.More >>

  • MCoE Chief of Armor reassigned to Fort Bliss

    MCoE Chief of Armor reassigned to Fort Bliss

    Friday, April 18 2014 11:54 AM EDT2014-04-18 15:54:14 GMT
    The Maneuver Center of Excellence announced Friday, April 18, that their chief of Armor and commandant of the Armor School, Brig. Gen. Leopoldo A. Quintas, has been reassigned to Fort Bliss, Texas.  QuintasMore >>
    The Maneuver Center of Excellence announced Friday, April 18, that their chief of Armor and commandant of the Armor School, Brig. Gen. Leopoldo A. Quintas, has been reassigned to Fort Bliss, Texas.  QuintasMore >>
  • Voter registration deadline is April 21

    Voter registration deadline is April 21

    Friday, April 18 2014 9:24 AM EDT2014-04-18 13:24:06 GMT
    The deadline for voters to register is quickly approaching. Georgia Secretary of State Brian Kemp is reminding voters that April 21 is the last day to register for the May 20 primary.More >>
    The deadline for voters to register is quickly approaching. Georgia Secretary of State Brian Kemp is reminding voters that April 21 is the last day to register for the May 20 primary.More >>
PHOENIX (CBS5) -

A government shutdown is looming and a fight over the debt ceiling is on deck, but at the Economic Outlook Summit 2014, put on by the Greater Phoenix Chamber of Commerce, experts paint a much rosier picture, specifically in the Valley.

After a nearly lost decade due to recession and a mediocre recovery, keynote speaker and Valley economist Elliott Pollock said Arizona is poised for a breakout.

"It's going to be better here than the rest of the country. We have historically been one of the top five growth states. In fact, in 2006, in terms of employment, we were second. By 2010, we were 49th out of 50 states. We're back in the seventh, so we've made quite a recovery," Pollock said.

Construction, services and manufacturing are already seeing big gains that Pollack said will continue at a more rapid pace through the next two years. And while politicians may be pitching doom and gloom, Pollack doesn't see any of the D.C. distractions derailing his solid economic forecast.

"I call these problems 'du jour.' There's always something. There's the Middle East, it's the sequestration, it's the fight over the debt ceiling. These things are transitory," Pollock said.

"Jobs are growing. Businesses are in great shape, have tremendous cash flows and no excess inventories. Financial markets are the last things to normalize. That's kind of what's holding us back, but they are getting better, so I just don't see anything in the economy that suggests things won't continue for quite some time," Pollack added.

Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved.

Powered by WorldNow

1909 Wynnton Road
Columbus, Ga. 31906

FCC Public File
publicfile@wtvm.com
706-494-5400
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WTVM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.