Despite continued job losses and warning signs of slower economic growth, Texas can expect a slightly smoother ride through the recession than the rest of the country, a bank economist said Thursday.
Nathaniel Karp, chief economist for BBVA Compass, the U.S. banking arm of Spanish financial giant Banco Bilbao Vizcaya Argentaria SA, said during a Webcast briefing that the Texas economy is expected to grow by about 1.2 percent in 2009 after slowing to 2 percent growth in 2008.
Read full article: http://www.bizjournals.com/houston/stories/2009/01/19/daily33.html
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