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economic forecast 2026

Economist: Valley economy better than national, but uncertainty remains

Jobs, TSMC are bright spots

A national economist laid out his economic outlook for the Valley for 2026 during the ULI Trends Day conference in Phoenix Feb. 20.

John Chang, senior vice president and chief intelligence & analytics officer for Marcus & Millichap, says while the national economy is positive but fragile, the Phoenix-metro economy is stronger and has momentum moving into the new year.

But, he said, that doesn’t mean there isn’t uncertainty in the economy, as has been the case for a while.

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