The fall 2008 Economic Report to the Governor was released today, and it said the path forward is nothing other than "downright ugly."
It cites housing starts at their lowest since 1945, job losses every month, and a shrinking Gross Domestic Product as indicators.
The report's authors expect the GDP to keep shrinking through the middle of 2009.
Good News, Everybody!
No, just kidding. It's actually terrible news! Terrible enough to warrant the use of the word "downright." From UT's Center for Business and Economic Research 2008 Economic Report.
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