Arizona Economic Outlook
Clearing, but Still a Bit Cloudy
Second Quarter 2014 Forecast Update
By George W. Hammond, Ph.D.
According to the latest preliminary data, the Arizona economy is still expanding at a slow pace. With employment rising by 2.1% in 2013, Arizona beat the U.S. average, but fell well short of our average growth rate during the 30 years before the Great Recession (4.1% per year). Likewise population expanded last year, but at a lackluster pace. Income growth suffered in 2013, as federal fiscal drag hit hard.
EBRC Director and Eller Research Professor
June 1, 2014
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* numbers & analysis from EBR's May 2014 quarterly forecast (next update: September 2014)
Selected economic forecast numbers for Arizona, Phoenix and Tucson Metros
In tables below, click on any series title to graph.
If you need more detailed economic forecast data for Arizona and its communities, learn about the advantages to your organization of membership in EBR's Forecasting Project.
For further information on The Forecasting Project, please contact Dr. George Hammond.