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Economists cite stimulus, vaccine as keys to recovery in 2021

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Posted at 8:46 AM, Dec 07, 2020
and last updated 2020-12-10 20:22:39-05

Covid-19 turned 2020 into a significantly challenging year for the U.S. economy, but federal stimulus staved off a much worse scenario and now the nation has the potential to return to pre-pandemic levels by the middle of 2021, a national economic expert told an Arizona audience on Friday.

Anthony Chan, the former chief economist at JPMorgan Chase was the keynote speaker during the 2020 Economic Outlook Event hosted Friday by the University of Arizona’s Eller College of Management.

The usually in-person event was held virtually this year via Zoom.

George Hammond, director of the Eller College Economic and Business Research Center, was the event’s other keynote speaker.

Read more from the Phoenix Business Journal.