Economists weigh in on the state’s economic well-being
Dec. 19, 2017
Arizona has seen steady economic growth since 2015, and economists are hopeful this trend will follow into the new year.
Dennis Hoffman, the director for Arizona State University’s Seidman Research Institute, says 2017 brought healthy growth nationally in everything from equities to labor markets. Similarly, Arizona’s economy has been steadily growing for the past four years.
Jim Rounds, president of Rounds Consulting Group, says Arizona is taking the right approach to marketing, regulatory reform and economic development reform, which is manifested in the state’s strong economy.
Debra Roubik, an economist for VisionEcon, says that while the economy is fine, there are warning signs to look out for. Some of these signs include low productivity and low participation in the labor force, which could mean trouble in the state’s ability to sustain growth.