Fort Worth Star-Telegram - January 18, 2010
ECONOMIST SAYS TEXAS WILL BE 1ST STATE TO RECOVER
Texas will be "last in, first out" among states battling the recession, although a recovery that has already started will require patience, a leading economist says.
The Lone Star State proved resilient because of advantages such as weather, stable home prices and a political climate favorable for companies seeking new places to do business, said Ray Perryman, head of the Perryman Group and a longtime Texas economist. Still, Perryman said Texas has seen its share of difficulty since the state got caught up in the national economic downturn in the summer of 2008. Job losses mounted last year, and the outlook remains bleak for commercial real estate.
http://www.star-telegram.com/texas/story/1900487.html
We should mention it is also due to tort reform, a rational business regulatory climate and relatively low taxes...go to www.GoodNewsInTexas to read more.
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