Texas Economy To Continue Growing in 2013

According to the Federal Reserve Bank of Dallas, the Texas economy is slated to grow faster than most U.S. states in 2013. Employment is projected to grow between 2 and 3 percent, and office construction is also likely to increase this year as office vacancy rates continue to decline.

A statewide increase in construction activity is also predicted, which offsets a decline in exports and energy. A decrease in international manufacturing demand and oil and gas energy will slow the state’s economic expansion, but Texas is still poised to grow a much faster rate than other U.S. states.

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