Recession hits Texas - Houston still grows
Texas’ economy started losing steam in late 2008, and now has joined the rest of the country in a full-blown recession, according to a new report from the Dallas Federal Reserve.
The state was, fortunately, late to the party: The national recession started in December 2007. It took another six months before Texas’ economy began to slow down, the report said.
Key indicators, including job growth, exports, and various manufacturing indexes all fell in the second half of the year, the report said.
Among the state’s biggest cities, Austin and Dallas have slowed the most in recent months, while Houston continued to grow.
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the economic recession has been pretty hard on us. there is some good progress on the economy this year. i just hope that the economy will continue to recover in the following months and years.
i am hoping that the global economy would recover from this economic recession. life has been very hard with these massive job cuts.
Our country was also hit hard by the Economic Recession. At least we are seeing some signs of economic recovery now. I hope that we could recover soon from this recession.
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Our country had been so much affected by this Economic Recession. there are lots of job cuts and company shutdowns. We are seeing some signs of economic recovery right now and we hope that it would continue.
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