Presented at the Prudential Texas Properties Awards ceremony on April 17th, 2009 by Dr. Lyssa Jenkins from the Dallas Chamber of Commerce.

1. Economic Profile
April 2009
DALLAS REGIONAL CHAMBER

2. Housing Markets
Policy Missteps
Global Impacts
Financial Markets
Choked Economy
Production Household Wealth
Employment Consumption

3. Monthly Employment Change
400
S&P Case Shiller (1,000s)
200
National Home Values 0
-26.5 % -200
-400
Q1 2006 Peak to
-600
Q4 2008 Trough
-800
2007 2008 2009
65
Household Net Worth
60
($ trillions)
Stocks -$14
55
Housing -$5
50 Other +$1
45
06 07 08 Current
Federal Reserve Bank of Dallas, Economy.com, S&P Case Shiller Index

4. Economy.com

5. Economy.com

6. Over the three months
ending in December, the
Texas Leading Index
experienced its
sharpest decline since
its inception in January
1981. All eight of the
indicators gave negative
signals… Texas likely
entered a recession
sometime in the second
half of 2008.
Federal Reserve Bank of Dallas
Regional Economic Update
February 2009

7. 12-Month Employment Change
4%
The national 3%
economy 2%
sets the 1%
trend for the 0%
state of -1%
Texas and
-2%
DFW. DFW Texas US
-3%
2007 2008 2009

8. Geography Data Item Latest Available Change
National Real GDP ($US billions) $14,200 (4Q 2008) -6.3% annualized
Conditions
4,795 # 12 mos.
Employment (thousands) 133,019 (3/09)
3.5% % 12 mos.
Unemployment Rate 8.5% (3/09) 5.1% 3/08 rate
Industrial Production 97.4 (3/09) -12.7% % 12 mos.
Retail Sales ($US millions) $344,380 (3/09) -9.4% % 12 mos.
# 12 mos.
-62.6
Employment (thousands) 10,529 (2/09)
State of -neg% % 12 mos.
Texas
Unemployment Rate 6.5% (2/09) 4.5% 2/08 rate
-31.5 # 12 mos.
Employment (thousands) 2,934 (2/09)
DFW Metro -1.1% % 12 mos.
(Not Seasonally
Unemployment Rates 6.9% (2/09) 4.4% 2/08 rate
Adjusted)
Federal Reserve Bank of Dallas, Economy.com, Texas Workforce Commission

9. 2009 2010
Year 2008 2009 2010
Q1 Q2 Q3 Q4 Q1 Q2
U.S. -0.4 -3.7 -0.3 -5.9 -4.7 -2.7 -0.7 0.0 0.1
Texas 2.1 -1.7 0.6 -4.3 -4.0 -1.3 0.5 1.0 1.0
Annualized % Change
Economy.com, 4/15/09

10. Housing
Energy
Exports
Defense
Population
&
Wealth:
Creation v Losses

11. The outlook for most U.S. regions in 2009 is grim;
employment will fall in all 50 states this year, and no
area of the country will escape recession. Next year will
look better, as much of the South and West see a return
to moderate growth. Tech-producing areas will help
lead the way. Centers of international trade and
regional distribution and logistics should also
stabilize as consumer demand and industrial production
begin to rebound.
Economy.com
4/15/09

12. GLOBAL DFW
Dallas-Fort Worth (DFW) is one of the spikes in the global
economy, claiming the 12th largest metro economy in the world.
DFW posts a gross metro product exceeding $300
billion, supported by a local workforce of three million and more
than six million residents.

13. DFW FOOTPRINTS
Logistics & Trade

Technology

Advanced Services


14. UN 2007 POPULATION ESTIMATES
Rank Metro Name Nation Population
1 Tokyo Japan 35,676,000
2 New York USA 19,040,000
3 Mumbai India 18,978,000
Benchmark Metros
4 Sao Paulo Brazil 18,845,000
5 Shanghai China 14,987,000
6 Los Angeles USA 12,500,000
7 Paris France 9,904,000
8 Seoul South Korea 9,796,000
9 Chicago USA 8,990,000
10 London United Kingdom 8,567,000
11 Hong Kong China-SD 7,206,000
12 Miami USA 5,585,000
13 Toronto Canada 5,213,000
14 DFW USA 4,798,000
15 Atlanta USA 4,506,000
16 Houston USA 4,459,000
17 Singapore Singapore 4,436,000
18 Melbourne Australia 3,728,000
19 Monterrey Mexico 3,712,000
20 Frankfurt Germany 2,517,600
21 Amsterdam Netherlands 1,031,000

15. DFW Business Climate Detail
DFW RANKINGS
Indicator Rank
Office Costs ($/workstation) 2
Ease of Doing Business 2-tie
Cost of Doing Business 3
Economic Stability 6-tie
Business Taxes (TTR) 7-tie

16. Don’t panic.
Do not bet against the U.S.
economy.
Never underestimate Texas.