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Arizona needs a more diversified economy to avoid future plunges

The worst economic recession since the Great Depression has hit a three-state area known for its population growth - Arizona, Nevada and southern California - harder than the rest of the country. This region - the "Economic Bermuda Triangle" of Maricopa County; Las Vegas, Nevada; and Riverside, California - led the nation in the pace of job losses and housing foreclosures, the two measures by which consumers view the health of the economy.

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