Elliott Parker
For the Nevada Appeal

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September 5, 2011
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Commentary by Elliott Parker: Why hasn't the economy recovered?

A recession is fascinating, in a morbid sort of way, for an economist. But I must admit that I am really getting tired of this one, and would like to get back to considering other problems.Real Gross Domestic Product grew at an average 3.6 percent annual rate in the decade before 2000, and 2.4 percent annually in the seven years after, well ahead of the 1 percent average annual rate of population growth. It began falling in the first quarter of 2008, and by the second quarter of 2009 it was down 5.1percent. Technically, the recession has been over for …

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The Nevada Appeal Updated Nov 8, 2011 08:48PM Published Sep 5, 2011 10:40PM Copyright 2011 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.