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Texas growth miracle
Texas is expanding rapidly. Its economy has been growing at a rate of more than 5% in recent years, which are growth rates akin to an emerging market. The state has also accounted for more than 20% of U.S. economic growth in the past two years even as it’s accounting for less than 10% U.S. GDP.
The state’s economy is fueled by several factors, including access to cheap energy sources and the domestic manufacturing boom, which has been favoring the South. Friendshoring to Mexico is also playing a role. It has led to a construction boom and