Southern Nevada and especially Las Vegas will continue to struggle economically for the rest of 2010 and probably won't begin to rebound until the 1st quarter of 2011, according to a report just released by a team of economists from UNLV.They also say that the Las Vegas economy won't fully recover for several years. The 2011 rebound will be slow at best according to the mid-year forecast. Some experts also believe that a double-dip recession will take place in Southern Nevada and possibly the entire country.
Economists feel that the continuing unemployment and retail sales problems could drag the economy back down, at least for a short period of time. Many people believe that the economic data coming out shows that the US recovery is losing steam rapidly.
At least those great Las Vegas deals should continue to stay around for the time being! :)
Learn some mo': 2011 rebound expected, but full recovery years away
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