Study says Las Vegas among world's worst economies - Yahoo! News
LAS VEGAS – An international study says Las Vegas has one of the worst economies in the world, and prospects for a rapid recovery appear dim.
The Las Vegas Sun reported Tuesday that the Brookings Institution and London School of Economics study ranked Las Vegas fourth from the bottom, citing a limited economy that relies heavily on tourism and construction.
Of the 150 cities ranked, Las Vegas fared better than only Dublin; Dubai, United Arab Emirates; Barcelona, Spain; and Thessaloniki, Greece.
Las Vegas was ranked the world's 14th best economy from 1993 through 2007.
The report says income levels in Las Vegas declined 1.2 percent since 2009 despite an increase nationally.
The report also refers to Las Vegas' record foreclosure rate.
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Information from: Las Vegas Sun, http://www.lasvegassun.com
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