Tucson’s economy lags behind state, experts say

Drivers sit in rush hour traffic in downtown Tucson. /Photo by Emily L. Mahoney/Cronkite News

By AZ Business Magazine

Tucson’s economy will continue to expand this year and accelerate modestly in 2018, with growth coming at a pace similar to the nation, but slower than the state of Arizona. That was a key message during the University of Arizona Eller College of Management 2017 Breakfast with the Economists event at the Westin La Paloma Resort in Tucson.

More than 400 people attended the event to hear presenters George W. Hammond, Ph.D., director and research professor at UA Eller’s Economic and Business Research Center, and Federal Reserve economist Gary Wagner, Ph.D., discuss local job growth, new home construction, population growth, trade and export activity, interest rates and government spending, the impact of a stronger dollar compared to the Mexican peso, and first quarter GDP results.

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