Showing posts with label Economic Forecast. Show all posts
Showing posts with label Economic Forecast. Show all posts

Friday, January 23, 2009

Austin outlook: A rocky year ahead

From statesman, January 16, 2009...

Economist Angelos Angelou on Thursday painted a picture of Austin in 2009 that doesn't look pretty: anemic job growth, falling average wages and retail sales, and sharply rising vacancy rates for commercial real estate and apartments.

It was one of the gloomiest Austin forecasts that Angelou has given in 25 years.

But, bad as it is, he said that Austin will look good this year compared with the rest of the country.

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