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What will Arizona’s economy look like in 2020?

Posted by   /  December 12, 2019  /  No Comments

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By Rachel Leingang | Arizona Republic

Arizona’s economy is still growing, but growth likely will be slower in 2020 than in the previous two years, an annual economic forecast from Arizona State University predicted Wednesday.

Arizona likely will continue attracting new residents at one of the highest rates in the country next year, though that could be a smaller total number amount than in 2018 and 2019.

And the state should remain among the leading growth states in the country, according to the forecast by Lee McPheters, an economics professor at ASU and director of the JPMorgan Chase Economic Outlook Center.

Many signs are positive for Arizona: Unemployment remains low. McPheters projected the population will grow by 110,000 people in 2020. The state will add 70,000 new jobs next year, down from 78,800 in 2018, he said.

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  • Published: 1 month ago on December 12, 2019
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  • Last Modified: December 12, 2019 @ 10:45 am
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