TEDA/Houston Meeting Notice
The Houston Chapter of the Texas Economic & Demographic Association presents…

Houston and the U.S. Recovery – Last In, First Out?

Bill Gilmer, Ph.D., Vice President in Charge, El Paso Branch,

and Senior Economist and Vice President, Houston Branch,  

Federal Reserve Bank of Dallas

Thursday, June 17, 2010 • Federal Reserve Bank • 1801 Allen Parkway

Will Houston lag or lead the economic recovery in the U.S.? 
Houston joined the recession late, and didn’t fall nearly as far as the U.S., although the local recovery showed early signs of lagging the U.S. However, as oil prices stabilized above $70 per barrel, Houston caught up with the U.S. and could even move ahead. It’s always oil that separates Houston's economic performance from that of the U.S., and the prospects for oil depend on the pace of global economic re­covery—especially in developing Asia.

• Can the developing world really be an engine of world growth? 
• Can these countries really drive the price of oil and other commodities in a weak global economy? 

The near-term prospects for Houston depend on the answers to these questions. Come join us to hear Bill Gilmer’s views at this final meeting of TEDA’s 2009-2010 program year.