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Economists: Texas economy full steam ahead in 2017

Posted by: In: Industry Insights 17 Dec 2015 Comments: 0

BBVA Compass economists recently reported that the Texas economy will be back in full swing by 2017. Three factors were attributed to Texas’ ability to defend against the recession:

  1. Timing between the dollar strengthening and the mining sector slowdown;
  2. The evolution of the oil and gas industry structure; and
  3. Lower risks to the financial sector in a more cautious lending environment.

To view the BBVA Compass news release, click here.

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