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ASU professor to share insights on Ariz., Prescott economies

Lee McPheters
August 31, 2012

ASU Foundation Presidential Engagement Programs hosts Sept. 12 discussion at Adult Center

Well-known ASU economist Lee McPheters will appear at the Adult Center of Prescott Sept. 12 to discuss the economic outlook of Prescott and Arizona.

McPheters, director of the JPMorgan Chase Economic Outlook Center and a research professor of economics in ASU's W. P. Carey School of Business, will discuss current economic conditions, their historical backgrounds and recovery prospects.

The event, presented by the Prescott Area Commercial Real Estate Group (PACREG), the ASU Foundation for A New American University’s Presidential Engagement Programs (PEP) and community sponsors, is scheduled to run from 9 to 11 a.m., and is free and open to the public. Registration is required as seating is limited.

“I’m looking forward to sharing my thoughts on the local economy with the folks in Prescott,” said McPheters, who is the editor of the Arizona Blue Chip Economic Forecast and the Western Blue Chip Economic Forecast newsletters. “The local and state economies are first and foremost on the minds of consumers – the families who are impacted each and every day.

“The way I would look at the current economic outlook is in terms of the when, where and how of recovery – that is, where are we now and when will it improve, what regions and industries will come back strongest, and how do we expect this to happen. That’s what I will share, as well as the prospects for brighter days ahead, with those who join us on the 12th.”

In addition to his focus on the Prescott-area and Arizona economies, he also will include a look at Europe and China as well as the economic performance of other Western states compared to Arizona. The well-published economics professor will explain key economic indicators for Prescott and Arizona – including employment by industry, unemployment rates, housing and construction, and population growth – and finish with a review of the factors that will influence long-term growth.

A question-and-answer session will follow the presentation.

“We are happy to bring ASU’s and Dr. McPheters’ expertise in economics to our many alumni, friends and advocates in the Prescott area, and we thank the Prescott Area Commercial Real Estate Group and community sponsors for their enthusiastic support of this event,” said Sally Moore, PEP director. “As we continue to find settings to showcase the big ideas that our scholars and researchers generate every day, Prescott is an ideal location and a wonderful opportunity to remind our audience that solutions to issues that matter most to Arizona communities are being created at ASU.

“This program with Dr. McPheters is an opportunity for community members to contribute their own knowledge and experience to the discussion, and quite possibly impact the ideas our faculty and students are working on in the area of economics.”

For more information about McPheters’ presentation, contact Sally Moore at 480-965-4814 or via email at

Joining PEP and PACREG in presenting the McPheters economic outlook are the ASU Alumni Association; Arizona Restaurant Sales; BBVA Compass; Concise Appraisal; Solutions City of Prescott; Country Bank Carrera Investments, Deborah Butitta; Fowler Commercial; Lawyers Title; O’Leary Eaton Attorneys at Law; Pioneer Title Agency; Prescott Area Association of REALTORS; Prescott Gateway Mall; Prescott Valley Economic Development Foundation; Town of Prescott Valley; Williams Accounting & Tax Service; and Yavapai Title Agency.

Steve Des Georges
Senior Director, Editorial Services
ASU Foundation for A New American University