8/28/2012

Per capita GDP still below what it was in December 2007



From the WSJ:
Over that same stretch, the U.S. population grew 3.7%. As a result, 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. . . .
The GDP data are available here. I had made a very similar point previously here.

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