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Economic outlook briefing warns of recession risk, rising housing costs and implications for Avondale
Summary
A consultant presented a national and state economic outlook that highlighted recession risk driven by trade friction, federal layoffs and investment pullbacks, and said Arizona continues to face housing affordability and supply constraints that will affect local planning.
An economic briefing delivered to Avondale city officials on March 4 warned of rising recession risk while underscoring steady population and employment growth in Arizona.
Consultant Luis Orellana summarized national macroeconomic drivers: elevated inflation since the pandemic, the effects of large fiscal stimulus and subsequent monetary policy tightening, and new tariffs that could raise production costs.…
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