'Outlook' forecasts growth, uncertainty, and fiscal mismanagement
TUCSON, Ariz. – December 2, 2004 – One of the Eller College of Management's most popular events, the annual Economic Outlook luncheon, features economists Gerald J. Swanson and Marshall J. Vest discussing several current topics. The event is Friday, Dec. 10, at the Westin La Paloma Resort in Tucson.
As the current economic expansion nears the end of its third year, worldwide growth is the strongest in decades. Consumers and businesses are confident and spending. Core inflation remains below two percent and people continue to move to Arizona in droves.
Yet, anxiety permeates the halls of both public institutions and businesses alike. The threat of terrorism remains the biggest short-term risk with daily reminders in the news.
High oil prices above $50 per barrel, a series of devastating hurricanes in Florida, shortages, soaring prices for commodities and raw materials are today's worries.
In the longer term, changing demographics and associated health care costs are the biggest issues.
Deficits do matter and much higher interest rates, coupled with drastic cuts in federal spending for Social Security, Medicare, defense, education and government are on the horizon.
These are some of the topics Vest and Swanson will addresss at this annual, must-attend event.
The Eller College of Management at the University of Arizona is internationally recognized for pioneering research, innovative curriculum, distinguished faculty, excellence in management information systems, entrepreneurship, and social responsibility. U.S. News & World Report ranks the Eller undergraduate program #14 among public business schools and three of its programs are among the top 20 — Entrepreneurship, MIS, and Management. U.S. News & World Report ranks the Eller MBA Full-Time program #44 in the U.S. and #21 among public business schools. The College leads the nation’s business schools in generating grant funds for research. In addition to a Full-Time MBA program, the Eller College offers an Evening MBA program and the Eller Executive MBA. The Eller College of Management supports approximately 5,700 undergraduate and 700 graduate students on the UA campus in beautiful Tucson, Arizona.
Liz Warren-Pederson, Eller College of Management
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