You keep hearing about the possibility of an economic slowdown from the mainstream media, and now you have retail executives in Texas wondering if the Texas economy is going to slow down, too.
That's the conclusion drawn after the latest survey from the Federal Reserve Bank of Dallas, which found that confidence in the economy was at its lowest level since 2016. Vance Ginn with the Texas Public Policy Foundation tells KTRH the volatility on Wall Street, trade war, and other factors have some spooked.
“Lower oil prices can influence the uncertainty in Texas, where we’ve had a lot of job creation and economic growth,” Ginn explained.
So is the Texas economy slowing down?
“It’s still strong. Our job creation on an annual basis is still around three percent,” Ginn stated.
That is almost double what it is in states like California.