Texas has fastest growing GDP in the country
Texas had the fastest growth in economic activity in the second quarter of the year, according to data from the Bureau of Economic Analysis.The slowest growth was in Hawaii. Voters in Texas, Wyoming. Alaska and New Mexico would be insane to back Democrat candidates who have promised to restrict oil and gas production and ban fracking. The Democrat agenda would guarantee job losses and a recession in other sectors of the economy.
Texas’ gross domestic product, a measure of all the goods and services produced in the economy, grew at a rate of 4.7 percent in the second quarter, according to the data.
On HoustonChronicle.com: Texas unemployment rate sits at historic low
The Mining sector was the leading contributor to increasing GDP in Texas, Wyoming, Alaska and New Mexico — the fastest-growing states, and major oil and gas producing states. The energy sector is included in the mining sector, and record levels of oil production in recent years is likely the reason those states lead in GDP growth in the second quarter.