摘要：Employment growth in Houston turned the corner this year, beginning the process of reversing the past two years’ job losses. Momentum in the economy—both nationally and locally—turned positive in the summer of 2003 after major combat operations began to wind down in Iraq and business investment resumed. Growth at the national level, in fact, was the last piece in Houston’s economic forecast puzzle. It joined already elevated energy prices, a depreciated dollar and low interest rates to complete what had been expected to be a picture-perfect recovery for this region.
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