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TEXAS: ONE OF ONLY A FEW STATES MOVING FROM RECOVERY TO EXPANSION

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By: Phil Sneed

TANDEM LOGISTICS NEWS FEED (3/14/2012):

The Texas economy should continue
growing at about the same rate as last year,
although the factors affecting the expansion
may change. Slower growth in exports and
energy likely will be offset by a gradual
improvement in construction and fewer cuts
in state and local government jobs. Many
factors could speed or slow activity. For
example, as of early 2012, most analysts
expected a mild euro-zone downturn. If it
becomes more pronounced, Texas growth
will be slower than anticipated; conversely,
better-than-expected activity abroad would
aid the state’s prospects. Oil prices are another
variable—a sharp decline could narrow
Texas growth to less than the 2 percent
forecast, while a rise would increase that
projection only slightly.

SOURCE:  Federal Reserve Bank, Dallas, TX     Mar/2012