The State of the Region: Hampton Roads 2007
After a spectacular first half of this decade, the regional economy decelerated in 2007. A combination of declining rates of growth in defense spending, the closing of the Ford Norfolk Assembly Plant and a sluggish national economy reduced the growth of the regional economy to the national average. Looming base realignment and closure reductions beginning in 2008 bode to continue this trend.
Regional Studies Institute, Old Dominion University, "Part 1: Back to Earth: The Regional Economy Slows Down" (2007). State of the Region Reports: Hampton Roads. 98.