Oregon, Washington May Lead Nation Out Of Recession, Moody's Predicts

Oregon and Washington are two of the states that will lead the nation out of the recession, according to Moody's Economy.com. The others are fellow western states Idaho, Colorado and Texas.

Moody's said that job growth in these five states should start to rebound first, likely in the fourth quarter of this year.

The large number of high-tech companies in Oregon and Washington will benefit when tech spending picks up again, Moody's predicted, and home sales in these states will be stimulated by lower prices and good mortgage rates.

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