The U.S. Bureau of Economic Analysis just completed a statistical study that ranked the top 50 fastest growing economical metros in the U.S. I am proud to report that Austin beat out New York City, Denver, Houston, Chicago, Dallas and Seattle…actually I am being modest…Austin beat out EVERYONE!!! While new statistics released yesterday by the U.S. Bureau of Economic Analysis show that the slowdown in U.S. economic growth was widespread, Austin has been holding strong. 60 percent of metropolitan areas saw economic growth slow down or reverse…NOT AUSTIN. Real GDP growth slowed in 220 of the nation’s 366 metropolitan statistical areas (MSAs) in 2008 with downturns in construction, manufacturing, and finance and insurance restraining growth in many metropolitan areas…NOT AUSTIN. Growth in real U.S. GDP by metropolitan area slowed from 2.0 percent in 2007 to 0.8…AUSTIN GREW BY 4.4%!
