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Texas faring better as country’s economy slows

An economist recently observed that Texas’ economy performed slightly better than other states in the second quarter, an article of WBAP reported on August 1.

According to Southern Methodist University economist Dr. Bernard Weinstein, Texas did “fairly well” even though the nationwide economy barely reached a 2 percent increase in the second quarter. Though consumer spending is up, which is an important factor in a healthy economy, Weinstein noted that fewer businesses are making new investments. Weinstein explained that job creation is hurt when businesses do not make new investments in plants and equipment. Last year, the Texas economy created 175,000 new jobs, down from the 300,000 created two years ago. 

If you plan to contribute to the U.S. economy by running your own business, the Texas business lawyers at Adam Pugh may be able to work for you. Find out how we can provide you with fresh ideas on how to operate legally by calling (737) 261-0602.

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