El Paso economic growth to slow in 2018, UTEP forecasts
El Paso’s economy is expected to chug along in 2018 at a slightly slower pace than in 2017, and slower than growth projections for the United States economy, according to University of Texas at El Paso economists.
El Paso’s job growth is expected to continue at a healthy, but slightly slower rate in 2018, and unemployment is projected to remain low as it did in 2017, according to the recently released “Borderplex Economic Outlook to 2019.”
The El Paso economy is projected to grow 2 percent this year to $27.4 billion as measured by Gross Metropolitan Product, or economic output, compared to an estimated 2.2 percent growth rate in 2017, the report forecasts.
Kolenc, Vic. “El Paso Economic Growth Set to Slow.” El Paso Times, 6 Jan. 2018.