Tucson Weekly Covers Eller's Virtual Webinar on COVID-19 and Economic Recovery

May 22, 2020

Arizona's Economy

A May 20 Tucson Weekly article covered a virtual webinar on COVID-19 and economic recovery led by Eller College of Management Economic and Business Research Center Director and Research Professor George Hammond and Thomas R. Brown Professor of Economics Price Fishback, who explained their predictions for recuperation of the local and national economy from the pandemic. The virtual webinar was moderated by Alice Bonaime, associate professor of finance, and was co-hosted by the University of Arizona Foundation.

"I think it will take some time for us to repair the damage that has been done just because the hole is so big. So I currently see Arizona getting back to that 2019 level sometime in 2022," said George Hammond in the webinar.

"We're going to have to live with this virus for at least another year or two, there's no expectation of a vaccine coming anytime soon," said Fishback, who is advising a plan for recovery that focuses on supporting those who are more apt to be impacted by COVID. "So we need to target this much more explicitly."

Hammond directs the Economic and Business Research Center in the Eller College of Management, focusing his academic research on the determinants of local economic growth in the U.S. and the impact of state and local policies on economic growth. Price Fishback was appointed the Thomas R. Brown Professor of Economics in 2010. His research areas of interest are the political economy of Roosevelt's New Deal during the 1930s, examining both the determinants of New Deal spending and loans and their impact on local economies throughout the U.S.