Edward Friedman, Economy.com March 2009
Moody’s Economy.com has revised the near term outlook for Austin significantly downward, as the global recession has deepened beyond earlier expectations. Employment will decline moderately over the coming year, as demand for IT hardware, software and services contracts. However, the overall decline will be proportionately less than for the U.S. as a whole. Although such factors as above average population growth, income per capita, and a highly educated workforce remain important long-term drivers for above average growth, AUS cannot count on recovery until 2010 at the earliest.