Pollack: Economic expansion ‘late in the game’ but no expectation of recession; more open jobs than workers
by Mike Sunnucks | Rose Law Group Reporter
Elliott Pollack presenting his 13th Annual Market Forecast to Pinal Partnership members
The current economic expansion is the longest one in U.S. history and the cycle is in its later innings.
But don’t expect a recession or severe downturn nationally or in Arizona in 2020. That is according to economist Elliot Pollack.
“We’re very late in the game,” said Pollack, CEO of the Elliott D. Pollack & Company, speaking to a crowd of approximately 300 people at Pinal Partnership this morning of the current economic expansion which started in 2009. “That doesn’t mean it’s going to end anytime soon.
Pollack, who spoke this morning at the Pinal Partnership breakfast event, does not foresee a major economic downturn next year and expects when the next recession that the slowdown will not as severe at the ‘Great Recession’ that hit Arizona particularly hard.
“Most recessions are short and shallow,” Pollack said.
Elliott Pollack’s 2020 Economic Forecast Presentation – Nothing Lasts Forever……
