Texas’ growth has been among the most impressive given its size—its real economic output has increased by $230B over the last four years, putting it just barely behind California as the second-largest contributor to nationwide growth despite Texas’ economy ending 2019 30% smaller than California’s. Job growth in Texas has been so large that one in five new jobs in America come from Texas alone. The Dallas metro area, despite being less than 1/3 the size of the New York metro, has contributed more to nationwide economic growth over the last three years than any other. That impressive growth has allowed Texas to pull ahead of NY in overall GDP and in white-collar professional, scientific, and technical services output over the last four years.
- Date Posted:
- January 4, 2024
Chinese shipments to Russia of an important class of advanced machine tools have increased tenfold since the full-scale invasion of Ukraine, with the country’s producers now dominating trade in high-precision “computer numerical control” devices vital to Moscow’s military industries. Chinese-origin CNC devices made up 57% of Russian imports by value in July, up from just 12% before the war.