The article, Southern Nevada has seen continued growth since Great Recession, from the Las Vegas Review Journal, reports that Southern Nevada’s growth is outpacing the national rate, and a report predicts this growth will continue unless it is dampened by national and international issues, like fiscal policy and a potential trade war.
Stephen Miller, director of UNLV’s Center for Business and Economic Research, gave a midyear economic update Friday morning at the M Resort. “We’re still recovering from the Great Recession, but we’re doing it quite rapidly,” Miller said. “Our economy is doing better than Nevada’s economy, and Nevada’s economy is doing better than the national economy.”
The report predicted Nevada’s growth in housing permits, employment, personal income, population and gaming revenue will continue through 2019. John Restrepo, principal of Las Vegas-based RCG Economics said he expects the job market and population to continue to grow in Las Vegas, barring any trade wars, tax policies or other upsets on the national and global stage. While a number of economists are warning of a recession by 2022, Restrepo said he believes Southern Nevada will keep growing into at least 2019. “Prepare, look for the clouds, but stay strong,” he said. “I think we’re going to stay pretty healthy in Southern Nevada.”
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