Angle down icon An icon in the shape of an angle pointing down. Austin, Texas. Rick Kern/Getty Images
- Texas is outpacing most states in population and GDP growth, a Wells Fargo analysis found.
- Job growth is still increasing in many sectors such as manufacturing and healthcare.
- Despite slowdowns in its housing and commercial real estate market, Texas is positioned to recover.
Texas is becoming the poster child of the US economy.
A new Wells Fargo analysis determined that Texas is outpacing many states regarding GDP and employment growth, despite some struggles in commercial real estate.
These findings echo a Bank of America report from earlier in December that determined the Southeast’s economy may outpace other regions of the US.
In 2023, Texas experienced the third-fastest growth in terms of population, increasing 1.6% between July 2022 and July 2023 — compared to 0.5%…
