摘要：Both the Texas and U.S. economies slipped into recession in March 2001, but the Texas recession was deeper and much longer. The nation saw a 1.5 percent decline in the U.S. coincident indicators of economic activity before recovery began in November 2001. In Texas, according to similar business-cycle indicators, the economy declined 2.8 percent before growth resumed in July 2003.
Oil, the technology bust and the 9/11 terrorist attacks of 2001 combined to prolong the recession in Texas, especially in the Texas Triangle cities of Austin, Dallas, Fort Worth, Houston and San Antonio. Table 1 compares the performance of these major metro areas with that of the United States and all of Texas. The high-tech cities of Austin and Dallas experienced the largest declines, according to these business-cycle indexes, falling 14.4 and 13.1 percent, respectively. Houston’s economy, despite a sharp downturn and slow recovery in the oil sector, did not decline but remained stagnant, with no growth for more than two and a half years. San Antonio fell only 1.5 percent; it was the last into recession and the first out. Houston and Dallas were probably disproportionately hurt by the 9/11 attacks, as both cities are home to major airlines
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