The Emerging Cleveland and Northeast Ohio

Olivera Perkins of the Plain Dealer reported December 1, 2010: “¶ Greater Cleveland is experiencing one of the nation’s strongest economic recoveries – on that even stacks up well worldwide, a new report concludes. ¶ Cleveland’s recovery ranks 10th among 50 U. S. metro areas and 49th among 150 cities worldwide, according to the report, released Tuesday by the Brookings Institution and the London School of Economics. ¶ The study ranked metro areas based on annual growth in employment and per capita income across three time periods: pre-recession (1993-20070, RECESSION (2007-2010). ¶ Brookings described the study as the first ever to compare metro areas wordwide along those criteria. ¶ the findings are important, the report said, because metro areas drive the economies of their nations and the world. The cities in the report accounted for 12 percent of the work’s population in 2007 but 46 percent of the world’s Gross Domestic Product. ¶ Greater Cleveland’s turnaround is especially impressive considering that the area ranked 135th of 150 cities before the recession and 131st during the downturn”

Posted by Lytle T. Davis on December 27th, 2010 2:28 AMPost a Comment (0)

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