Gulf recovering ahead of schedule: Fed

Feb 09, 2012 | 02:51 PM | Michael Cowden

Tags  Federal Reserve, Robert Gilmer, outlook, GDP, unemployment, Houston, oil, natural gas drilling

HOUSTON — Economic growth in the Gulf Coast is outstripping the rest of the country, thanks to energy, agriculture and demand from developing economies, according to a Federal Reserve official.

Unlike the rest of the country, Houston "recovered fairly quickly" from the economic crisis and has since grown more than twice as fast as most other U.S. regions, said Robert Gilmer, vice president and senior economist at the Federal Reserve Bank of Dallas.....

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