GDP per capita is still 2.9% below its pre-recession peak.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.
Wall Street Journal
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Thursday, October 27, 2011
Per Capita GDP Below Pre-Recession Levels
Posted By Milton Recht
From Wall Street Journal, "Vital Signs: Per Capita GDP Still Lagging" by Justin Lahart:
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