Texas, 6 Other States, D.C. May Emerge From Recession First

July 30th, 2009

Thursday, July 30, 2009

By SHERYL JEAN / The Dallas Morning News
sjean@dallasnews.com

Texas will be one of the states to emerge the earliest from the recession in 2011, predicts IHS Global Insight, an economic research firm based near Denver.

The state has been "somewhat insulated from the worst of this recession" because of the energy industry and a lack of a major housing bubble, IHS economists wrote this week in a research report. Texas will help "lead the recovery" as one of the states to gain back lost jobs the fastest, the report said.

Washington, D.C., will rebound first, in 2010, according to IHS. In addition to Texas, six other states – Alaska, Montana, New Mexico, North Dakota, Utah and Virginia – will rebound in 2011, the report said.

The report said many Northeastern and Midwestern states "have suffered severely and will not regain those jobs anytime soon." IHS predicts that Connecticut, Indiana, Michigan, Ohio and Rhode Island will be the last states to emerge from the recession, after 2015.

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