Las Vegas Sun

May 4, 2024

Local economy: The glass is more than half empty

Sun partner In Business Las Vegas reports the business community remains pessimistic about Southern Nevada's economy, and those in the real estate and finance fields hold the dimmest views, according to a third-quarter survey by UNLV's Center for Business and Economic Research.

"Far and away, most people believe that national and local conditions will be somewhat worse during the third quarter of 2008 compared with the second quarter, and that the difficulties are far from over," the survey says.

About half of the people who responded didn't expect further deterioration in the housing market or thought that conditions would be moderately weak. Forty-five percent remained pessimistic, the survey says.

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