A recent report issued by BBVA Compass bank has determined that Texas is poised to lead the country to its economic recovery.
There are many reasons why the Lone Star State is in position to lead the country toward recovery, with oil prices being among them. Other reasons include the fact that the state has enjoyed a relatively stable housing market as well as limited fiscal challenges. The state has also continued to add private jobs to its market while its exports, particularly coal and petroleum products, have remained strong. In short, Texas has managed to remain relatively positive while most states have experienced a decline in growth.
According to the report, Texas is likely to enjoy a 2.8 percent growth in its gross domestic product this year.
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