Tuesday, August 28, 2012

GDP Per Capita Not Expected To Return To Its Pre-Recession 2007 Peak Until Later Half Of 2013

From The Wall Street Journal Blog Overheard, "America’s Per Capita Punishment" by Justin Lahart:
GDP per capita is still 1.9% below its 2007 high mark. Assume that Wall Street economists’ GDP forecasts and Census Bureau population projections are in the right ballpark, and GDP per capita doesn’t look like it will surpass its old peak until the third quarter of 2013.
Source: The Wall Street Journal

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