Impact of the Great Recession in Texas and the Rio Grande... of the collapse of the housing transfer in the United States in 2006, which led to the so-called subprime mortgages in October 2007. The effect of the credit emergency began to appear largely genuine starting in 2008, first polluting the US and then global monetary framework, thus causing a profound liquidity crisis and creating, indirectly, other budgetary phenomena. , for example, the food crisis, unemployment, several stock crashes, and overall, a financial emergency locally in the United States and internationally. Many experts and economists have called this situation the “Great Recession,” given its longest recession since World War II (Campello, et al., 2010). This article aims to discuss the short- and long-term impacts of the Great Recession and related crises on economic growth, consumer spending, government revenue and spending, business investment, and unemployment in Texas and the Rio Grande Valley. also discussed the best policy initiatives to increase economic growth in Texas and the Rio Grande Valley. Impact of the Great Recession on Consumer Spending in Texas and the Rio Grande Valley"The Great Depression changed consumer behavior and attitudes for a generation." It is too early to say whether the 2008 crisis will leave the same psychological scar, but there is a precedent for a big change." The increase in prices in Texas is already very sensitive, reaching almost 5% per year for employees, but already the 5.4% for employees lost...... half of paper ......ysis and Management, 31(1) , 160-168.Palley, T.I. (2012). the destruction of shared prosperity and the role of the economy. Cambridge University Press.Petr, P., Sirpal, R. and Hamdan, M. (2012). The emerging role of the treasurer in the post-crisis period , 86(3), 319-339. Rhee, C. and Song, EY (2013). Trade collapse during the global financial crisis: Evidence from the Republic of Korea Policy Responses: An Empirical Analysis of What Went Wrong (No. w14631). United States Financial Crisis Inquiry Commission. (2011). Financial Crisis Investigation Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States. Government press office.

Topic > Impact of the Great Recession in Texas and the Rio Grande... of the collapse of the housing transfer in the United States in 2006, which led to the so-called subprime mortgages in October 2007. The effect of the credit emergency began to appear largely genuine starting in 2008, first polluting the US and then global monetary framework, thus causing a profound liquidity crisis and creating, indirectly, other budgetary phenomena. , for example, the food crisis, unemployment, several stock crashes, and overall, a financial emergency locally in the United States and internationally. Many experts and economists have called this situation the “Great Recession,” given its longest recession since World War II (Campello, et al., 2010). This article aims to discuss the short- and long-term impacts of the Great Recession and related crises on economic growth, consumer spending, government revenue and spending, business investment, and unemployment in Texas and the Rio Grande Valley. also discussed the best policy initiatives to increase economic growth in Texas and the Rio Grande Valley. Impact of the Great Recession on Consumer Spending in Texas and the Rio Grande Valley"The Great Depression changed consumer behavior and attitudes for a generation." It is too early to say whether the 2008 crisis will leave the same psychological scar, but there is a precedent for a big change." The increase in prices in Texas is already very sensitive, reaching almost 5% per year for employees, but already the 5.4% for employees lost...... half of paper ......ysis and Management, 31(1) , 160-168.Palley, T.I. (2012). the destruction of shared prosperity and the role of the economy. Cambridge University Press.Petr, P., Sirpal, R. and Hamdan, M. (2012). The emerging role of the treasurer in the post-crisis period , 86(3), 319-339. Rhee, C. and Song, EY (2013). Trade collapse during the global financial crisis: Evidence from the Republic of Korea Policy Responses: An Empirical Analysis of What Went Wrong (No. w14631). United States Financial Crisis Inquiry Commission. (2011). Financial Crisis Investigation Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States. Government press office.