Published on: 08/01/2018
Will You and Your Business Be Prepared Financially for a Downturn?
No bull market lasts forever, and with surveys of economists pointing to 2020 as the potential start of another recession, it might be a good time for you to assess whether your business is ready for a downturn. In the past, the Texas economy has bucked flagging national trends thanks to Houston and the oil economy, according to Louis Torres, research economist with the Real Estate Center at Texas A&M University. With the state already facing headwinds like decreased housing affordability, volatile energy prices, and uncertainty about free-trade agreements, Torres says, if a future recession pairs negative economic growth with low oil prices, the Texas economy could be hit harder than in the past.See Full Article