2021 Eller Outlook Event

After a strong summer, will growth decelerate?

Arizona’s recovery from the pandemic gained significant momentum during the summer. Job gains surged, housing permit activity remained very strong and taxable sales remained on track for significant gains this year. The housing market grew even hotter during the summer, with low inventories, high construction materials prices and strong demand driving median home prices up by 30 percent or more in June. Federal fiscal stimulus is gradually dissipating, but income gains are likely to remain robust this year as the labor market continues to recover

While the state economy has recovered rapidly, major questions remain unanswered. What are the long-term economic consequences of the pandemic? Will Arizona experience a major increase in migrants from other states, as remote workers seek lower housing costs? What are the implications of the recent surge in inflation and how will the Federal Reserve respond? How will the stock market fare in the recovery?

Be sure to put this event on your calendar for December 3!

Please join Economic and Business Research Center Director George Hammond, Former Managing Director and Chief Economist for Chase Anthony Chan, and the Eller College over lunch for our annual review of the economic outlook for Arizona and the nation. If you would like to keep abreast of Economic and Business Research Center events, you can subscribe to Arizona's Economy.