2 Texas Cities Are Expected to Outperform Most Other Big Metros
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According to research firm Oxford Economics, there are two Texas cities – Dallas and Houston’s economic stability are projected to be of an anomaly in the U.S. over the next several years, while much of the world’s economic growth slows.
Its economic analysis projects which accounted for nearly two-thirds of the world’s major cities will undergo an economic slowdown over the next two years. Oxford Economics even sees slowing gross domestic product growth in the 10 largest cities in the world.
In the analysis of how America’s 10 largest cities will fare through a slowdown, Dallas and Houston trail only San Francisco for near-term economic success. According to Oxford Economics, the analysis projects Dallas’ GDP will increase at an average rate of 2.2% in the period from 2020 to 2021, which is down from 3.6% from 2014 to 2018. In project for two more years till 2023, both Houston and Dallas economies are forecast to rise at a 2.4% rate.