Scottsdale Arizona's 2011 outlook --- among best in the West
Arizona's 2011 outlook among best in the West
Arizona's economy is expected to do better, though barely, in 2011 than just about every other state in the West, according to forecasts from the Western Blue Chip Economic Forecast and Arizona State University's W.P. Carey School of Business.
The growth will be about "half speed" of what Arizona normally gets in a strong economy, says ASU economist Lee McPheters, who is editor of Arizona Blue Chip Economic Forecast and the Western Blue Chip Economic Forecast newsletters.
Nevertheless, it's encouraging to outperform other states, as well as the national averages, when it comes to job, housing construction and population growth.
Arizona
In 2011, both of those states are projected to see the greatest percentage gains in jobs.
Every state in the West is expected to get more single-family housing permits next year, with the larest increase in California, followed by Arizona.
Arizona, Texas and California are expected to have the fastest population growth.
McPheters said he couldn't pinpoint the reasons why Arizona was doing better. Typically states have higher population growth because they offer more jobs. Or maybe they offer more jobs because people are moving here.
"There are more 'chicken and egg' relationships here than in a chicken coop," he said.
http://www.azcentral.com/arizonarepublic/business/articles/2010/12/05/20101205biz-insider1205beard.html#ixzz17wTzHibz
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