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Asheville out of recession faster than most cities

This month marks the fifth anniversary since the Great Recession supposedly ended.

It may or may not feel like a recovery, depending on whether you got laid off or saw any raise, found a new job or didn't, or if anything else happened to you or your loved ones in the tough labor market. The economist John Maynard Keynes said animal spirits, those energies and enthusiasms, drive markets and consumers more so than mathematical formulas.

But looking at the figures, Asheville has fared far better than most cities, coming out of the worst economic downturn of our lifetimes.

Would you believe we're just shy of the top 10 in the whole country for the fastest recovery?  more...

Read entire article here.

 

This is the opinion of Dale Neal. Reach him at dneal@citizen-times.com or 232-5970 or @dale_neal.

http://www.citizen-times.com/story/money/business/2014/06/28/asheville-recession-faster-cities/11571585/

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