Thursday, October 27, 2011

Per Capita GDP Below Pre-Recession Levels

From Wall Street Journal, "Vital Signs: Per Capita GDP Still Lagging" by Justin Lahart:
GDP per capita is still 2.9% below its pre-recession peak.

Wall Street Journal
US birth rates and population growth slowed since the recession began. With a historical higher birth rate, faster population growth rate, the GDP per capita would be further below trend than depicted in the chart. As the overall economy improves, birth rates will likely rise and increase the time needed for GDP per capita to return to trend.

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