Austin economy weakens as U.S. business climate enters 'fragile' state, Dallas Fed says

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The growth of Austin's economy continues to weaken, and a national recession could occur within the next two to three years, according to reports issued Thursday by the Federal Reserve Bank of Dallas. While the Dallas Fed has tracked Austin's economic slippage for the past two years, new data indicates a possible decline in exports from the Austin region during 2016, one of the area's key economic drivers — amid waning job growth. In an Economic Letter published on the Dallas Fed website, research...

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