U.S. | Texas Economy Parries Oil Price Blow, Looking To Avoid Knockout From Abroad

Summary

Texas avoids resource-based recession in 2015, returning to potential in 2017. Timing of impact on Texas economy pushed outward to 2016, due to discordant shocks to manufacturing sector and oil & gas industry. Post-crisis impetus to reduce systemic risks in the financial sector lowers probability of tail-risk scenario for Texas economy

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