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Houston is expected to
outperform the
U.S. over the next quarter century.
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During '02-'30, The Perryman
Group sees population growth averaging 1.54 percent annually in the
Houston region. Over the same period, this prominent Texas-based economic
forecasting firm expects employment to rise at a 1.94 percent annual rate.
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Employment growth faster than
the nation's is predicated in part on disproportionately rapid growth in
economic base employment, especially in energy-independent sectors. Says
M. Ray Perryman, Ph.D., the firm's president: "The area's traditional
dependence on energy-related business is…projected to continue to decrease
over this period. [Houston's] economic expansion…is fueled by its
proximity to the Gulf of Mexico, as well as by the important role the area
plays as a major manufacturing, shipping, and tourism center. Global
economic growth will greatly benefit [the area's] export and import
enterprises."
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