Worst Of Recession is Over for Vegas
- Economy
- Vegas News
- Improvement
The worst of the recession appears to have finally past. After two years of economic decline, the gross metropolitan product of Las Vegas, which measures Southern Nevada’s total output of goods and services, grew slightly in the fourth quarter of 2009, according to the Brooking’s Institution. The quarter also brought a substantial reduction in the foreclosure rate, although Nevada still leads the nation.
Nothing is certain and a double-dip recession isn’t out of the question, but the report from Brookings — a Washington, D.C.-based think tank that collaborates with UNLV — indicates we may be on the cusp of economic improvement. To read more of this article click here to go to the Las Vegas Sun.