85% Odds of No Impact from Oil and Gas Revenue Declines

What entity is estimating the impact on the Texas economy from lower oil prices? Dallas Federal Reserve senior economist Keith Phillips

What did the Dallas Federal Reserve say the chance of an economic downturn in Texas? Only about 15%

What positive economic factors did the Fed point to to be “very confident that it continues in an expansion [of the Texas economy]?”

• Austin and Dallas are still growing
• rebound in hiring by high-tech and other white-collar firms
• a rebound in hiring by high-tech and other white-collar firms

Statesman |  Dallas Fed: Texas unlikely to see recession, despite energy woes