December 3, 2019 Comments (0) Views: 505 Texas News, Top Texas

Texas Economic Forecast: Continued Expansion

December 3, 2019

As 2019 winds down, the forecast for the Texas economy in 2020 is positive. According to economist M. Ray Perryman, the long-term outlook for Texas’ major metros indicates continued expansion through 2045. Specifically, “our long-term projections indicate that through 2045, close to eight of every 10 new jobs are expected to be in one of the seven largest MSAs in Texas,” Perryman said. He went on to say that the Houston area and Dallas-Fort Worth metroplex will likely account for more than half of the added positions, “though many smaller population centers and rural areas make a significant contribution to overall economic performance.”