2021 Eller Economic Outlook


Noon to 1:30 p.m. Dec. 3, 2021


Online Via Zoom

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.


Presenter Bios

George W. Hammond, brings a wealth of experience in state and local econometric forecasting and regional economic analysis, as well as, wide-ranging academic research interests to bear on his role as director of the Eller College’s Economic and Business Research Center. A specialist in econometric forecasting for more than 20 years, he has designed, built and used economic models to produce more than 100 forecasts for state and local economies and completed more than 50 regional economic studies on topics including economic and workforce development, energy forecasting and the impact of higher education on human capital accumulation.



Former Chase chief economist, Anthony Chan, joined JPMorgan in mid-1994 and retired in May 2019.  During his tenure, he addressed more than 100,000 clients each year and delivered presentations to many Central Banks around the world. Chan is often in media outlets such as The Wall Street Journal, Barron’s, The New York Times, The Washington Post, The Chicago Tribune, The Los Angeles Times and Investor’s Business Daily. He appears regularly on CNBC, CNN International, Fox Business News and CGTN and Chinese television. Currently, Chan is a member of the Blue-Chip Monthly Forecasting panel.


This year the Eller College Annual Economic Outlook is made possible through the generosity of JPMorgan Chase.

Additionally, JPMorgan Chase provides support for the award-winning website ebr.eller.arizona.edu, the premier source for information on Arizona’s economy. There you will find measures of the economy’s performance, analysis by the Eller College Economic and Business Research Center, and links to important studies.

View our award-winning Arizona’s Economy magazine at azeconomy.eller.arizona.edu.

Visit the award-winning MAP Dashboard at mapazdashboard.arizona.edu for the latest indicators on Southern Arizona.

Visit azmex.eller.arizona.edu for the latest Arizona-Mexico economic indicators.

Download Arizona’s Economy smartphone app at the App store and Google Play to track the state economy in real time.