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State's Hot Economic Performance to Continue in 2001, Say 'Blue Chip' Forecasters

PHOENIX-Arizona's economy is expected to cool slightly in the coming year. Economic pundits contributing to ASU's annual economic forecast predict that the state will hang on to its national ranking as number two for job growth.

By Patricia L. Kirk | Updated on December 07, 2000

PHOENIX-As is expected across the nation, Arizona’s economy will slow somewhat over next year, compared with its robust performance during the past two years. However, the state should continue to be a national leader in job growth next year, second only to Nevada, according to Arizona State University’s annual economic forecast for 2001.

The report, which was released Wednesday by Dr. Lee McPheters, associate dean of ASU’s College of Business, is a compilation of forecasts for Arizona and the Western states by 70 analysts who track economic performance for ASU economic publications.

The forecasters predict that while a drop in all key growth indicators is likely next year, the state’s overall economic performance “will stack up very favorably when compared to most states in the nation, especially on such measures as population and job growth.”

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