Photo: City of El Paso
UTEP’s Border Region Modeling Project (BRMP) has released its projections for the region’s labor markets, demographics, commercial activity and more in “Borderplex Economic Outlook to 2020.”
“Although policy uncertainty has impacted investment plans on both sides of the border, overall economic conditions remain favorable throughout the Borderplex,” said UTEP Economics Professor Tom Fullerton, Ph.D.
Among the projections for the forecast period is ongoing low unemployment in El Paso, Texas, but a deceleration in jobs growth for Juárez and Chihuahua City, Chihuahua, Mexico, caused by recent interest rate hikes that hamper certain industries.
The report also forecasts a stronger labor market in Las Cruces, New Mexico, through 2020.
The report offers projections on personal income trends, residential real estate, nonresidential construction activity, hotel activity, airport traffic, and water consumption in El Paso.
It also forecasts international bridge traffic, as well as metropolitan economic conditions in Las Cruces, Juárez, and Chihuahua City.
The BRMP, which published this report, is a research unit within the Department of Economics and Finance in the College of Business Administration at The University of Texas at El Paso.
BRMP sponsors also include El Paso Water and the UTEP Hunt Institute for Global Competitiveness.