A Long Recovery for the Arizona Economy

After being one of the poster children for the U.S. economy’s boom years, the Arizona economy went into a tailspin, as the housing bubble burst and then the financial meltdown afterward wrecked havoc on all the advances made during the past decade. Now, the Arizona economy is coming back from the brink this year after suffering the worst slump in decades. However, this recovery will not be strong … After being one of the poster children for the U.S. economy’s boom years, the Arizona economy went into a tailspin, as the housing bubble burst and then the financial meltdown afterward wrecked havoc on all the advances made during the past decade. Now, the Arizona economy is coming back from the brink this year after suffering the worst slump in decades. However, this recovery will not be strong nor will the Arizona economy come out unscathed. Several signs of its recent turmoil will remain for some time to come even as the economy continues to recover from the worst economic performance in years. Thank you for your interest in Wells Fargo’s Economic Commentary by email. You are receiving this message because you have requested Economic Commentary information and updates sent via email. If you no longer wish to receive these emails, please click on the following link to access the Economic Commentary by email registration page: http://www.wellsfargo.com/economicsemail.

Wells Fargo Securities Economics Group publications are produced by Wells Fargo Securities, LLC, a U.S broker-dealer registered with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the Securities Investor Protection Corp. Wells Fargo Securities, LLC, distributes these publications directly and through subsidiaries including, but not limited to, Wells Fargo & Company, Wachovia Bank N.A., Wells Fargo... More