Houston and Regional Economy Outlook for 2019
Houston's economy turned the corner in 2018, registering good job growth after three difficult years. I expect to see the local economy continue to improve in 2019, with more growth ahead. As always, two key questions will determine how good the outlook will be: the US expansion and the price of oil. While both these questions seemed relatively easy to answer as recently as October, but December has brought a new list of concerns.
Director, Institute for Regional Forecasting
C.T. Bauer College of Business, University of Houston
Bill Gilmer is Director of the Institute for Regional Forecasting (IRF) at the University of Houston's Bauer College of Business. The Institute monitors the Houston and Gulf Coast business cycle, analyzing how oil markets, the national economy, and global expansion influence the regional economy. Gilmer is also appointed as an inaugural University of Houston Energy Fellow in 2015.
Before joining the Institute, Gilmer served the Federal Reserve Bank of Dallas for 23 years, retiring from the bank as a Senior Economist and Vice President. He joined the Houston Branch of the Federal Reserve Bank of Dallas as a senior economist in 1989, focusing on energy markets and regional growth. He co-managed the 11th District's regional economic analysis from 2004-2012, and was editor of two of the bank's regional publications. Gilmer's work on the Texas economy has been recognized in publications such as the Wall Street Journal, The Economist, and Forbes.
Gilmer also served the Federal Reserve Bank of Dallas as the officer in charge of the El Paso Branch from 2003-2012, overseeing Federal Reserve operations in West Texas and New Mexico. Prior to joining the Federal Reserve Bank of Dallas in 1989, he held the principal economic forecasting position at the Tennessee Valley Authority. He also worked as a research economist at the Institute for Energy