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Arizona Economic Outlook

Clearing, but Still a Bit Cloudy
Second Quarter 2014 Forecast Update

By George W. Hammond, Ph.D.
EBRC Director and Eller Research Professor

June 1, 2014

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.

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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.

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