Page 12 - 2020 GSABA Housing Forecast Magazine
P. 12
San Antonio
Regional Economy Update
The San Antonio Regional Economy
Context & Forecast
January 9, 2020
TXP, Inc.
(512) 328-8300 phone www.txp.com
Overview
• National Economy continues to grow
• Short-term forecast good; long-term forecast less certain
• Regional Economy is doing very well
• Short-term forecast very good; long-term forecast also good
• Issues on the Horizon
• External – potentially rising interest rates, ballooning deficits,
trade tensions, political uncertainty
• Internal – inter-connected
• Skills/capacity of workforce • Housing/transportation
National Overview/Context
Broad Measures of National Economy Slowing
Source: BEA, TXP
National Overview/Context
As Trade War Has Direct and Indirect Effects
Source: BEA, TXP
National Overview/Context
National Employment Growth is Stable
1.6% 1.7% 1.6%
2011 2012 2013 2014 2015 2016 2017 2018 2019 ource: BLS, TXP
1.2%
1.7%
1.6%
1.9%
2.1%
1.8%
National Overview/Inflation
Consumer Price Index 12-Month Change: Inflation Remains Moderate
Source: BLS, TXP
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