Economist: Recession over in Ariz.

University of Arizona economist Marshall Vest says the recession officially ended in Arizona several months ago, although it will be months before a recovery is evident and years to repair all the damage that's been done. Vest contends the national recession ended in May or June and the recession in Arizona ended about six months later. Conceding he is more optimistic than other economists in the state, Vest said he believes Arizona's economy reached bottom sometime around the end of 2009 or the beginning of this year and has started growing again. He bases that on an analysis of retail, employment, housing and income numbers as well as anecdotal information.

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