UNLV Report: Modest Economic Growth For Now
(LAS VEGAS, KXNT)–A study by UNLV’s Center for Business and Economic Research predicts modest economic gains in southern Nevada for the rest of this year, with much of it tied to the overall U.S. economic recovery.
The midyear report says any sign of sustained economic strength is likely to wait until late 2013. It notes that a slowdown in some overseas economies in Europe and Asia will impact Nevada’s gaming and tourism industries, and our state continues to show slow recovery in real estate, a sector with a long way to go to full recovery.
Stephen Brown of the Lee School of Business warned that renewed economic strength may not occur until well into 2014 due to uncertainties in the overall U.S. economy. He described the southern Nevada economic is halfway through a third year of modest economic recovery.