Economist: Recession over in Arizona
Economist: Recession over in Ariz. - University of Arizona economist Marshall Vest says the recession officially ended in Arizona several months ago, although it will be months before a recovery is evident. Vest contends the national recession ended in May or June and the recession in Arizona ended about six months later. He bases that on an analysis of retail, employment, housing and income numbers as well as anecdotal information. "With the data we have currently, it looks like consumers are spending again," Vest said. "I think the economy is off and running."
Read the rest of the article at: http://www.azcentral.com/business/articles/2010/04/19/20100419recession-over-arizona.html
Posted at 03:39PM Apr 23, 2010 by Louisa Ward & Robyn Viktor in General | Comments[0]
