National and local economy expert, Mark Sprague, reports that Austin outperforms its state and nation in 2012 forecasts. He notes several factors that contribute to Austin's healthy economy:
And Austin's only going to get bigger. With a reputation of doubling its population every 20 years, even during hard economic times, more housing will be needed. Rental housing, real estate, hospitality and service, and new construction industries will all benefit from Austin's growth.Texas is also doing well gaining a majority of the nation's jobs since August 2009. Nationally, an economic recovery will take time - some project economic growth will not occur until late 2012. Locally, Austin's still in a good place.
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