Economic forecast for East Texas is on the rise!

By Annette Falconer –email

Tyler, TX (KLTV) - Buying, shopping and selling is the name of the game when it comes to increasing the economy.

Dr. Ray Perryman, a renown Economist and President of The Perryman Group, came to Tyler today to speak with business owners, and large corporations here in East Texas. This was the 27th annual Economic Forecasts event for Tyler,Texas.

Perryman said East Texas has seen a 1.9% growth this past year. He also talked about the state of Texas, "Texas is doing better than the rest of the country, we've gained about half the jobs that have been gained in the entire country since the recovery of this recession began." Perryman encourages people to spend money and spend it local. He said, "Just recognize we're past the huge crisis we were in a couple years ago, and relax and have a little fun. Spend a little money."

Perryman says within the next year we should see some more retail business, some commercial development, some more jobs available, and improvement in the housing market.

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