Jim Rounds, a noted Valley economist, told the Maricopa County Board of Supervisors on Tuesday that he expects “moderate growth” in Arizona’s economy in the next year. He anticipates continued expansion but no boom.
“We’re growing at a 20-year average,” Rounds, vice president and partner in Elliott D. Pollack and Company, told the supervisors. “This is an expansion, not a boom. But the economic indicators are good.”
Rounds complimented county budget officials and the board for cautious budgeting practices that anticipate a full economic cycle of highs and lows. “Maricopa County is the only government looking ahead to the next downturn,” he said.